Tracking the Bust and the Misconception of ‘MEDIAN’
This week Jonathon Lansner did his recap of the Dataquick report on the Orange County real estate market. Where are we today? And what does it really mean? The Median Sale Price as reported by Dataquick for a home in the OC was $400,000 - which brings us back to May of 2003 if you're tracking the bust backwards. Lansner states, "That means that 53% of the 1996 to 2007 profit has evaporated." I found some other interesting tidbits on the DQNews site to report: 44.2% of sales in Ora…
Read more...My Dad Always Said, “Buy on Bad News…” Why Now Might Really Be the Time
My Dad was a stockbroker and has always said, "Buy on bad news, sell on good news." Over the years he's made great money with that strategy. As soon as everyone wants to buy - he's out. I'm not sure the philosophy ought to be much different in the housing market. Yet the fear, the challenge…
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Linsey Planeta
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