Tuesday, October 04, 2005

First Crack in Bubble?

First Crack in the Housing Bubble ... And Everyone Missed It
The median price of a home fell in July by a whopping 7.2%
I confirmed these figures from economagic.com and here is a 5 year chart generated from the same data.















There is a widely published number of $218,000, which is supposed to be the July median sale price of existing homes, and more importantly, that's a new record high and an increase from last year.

Do not know why the two sets of numbers are so different.

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