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Google $100 drop within 30 days:
16-Jan-08 628.97 639.99 601.93 615.95 10,560,000 615.95
15-Jan-08 645.90 649.05 635.38 637.65 5,568,200 637.65
14-Jan-08 651.14 657.40 645.25 653.82 4,447,500 653.82
11-Jan-08 642.70 649.47 630.11 638.25 4,977,000 638.25
10-Jan-08 645.01 657.20 640.11 646.73 6,334,200 646.73
9-Jan-08 630.04 653.34 622.51 653.20 6,739,700 653.20
8-Jan-08 653.00 659.96 631.00 631.68 5,339,100 631.68
7-Jan-08 653.94 662.28 637.35 649.25 6,403,400 649.25
4-Jan-08 679.69 680.96 655.00 657.00 5,359,800 657.00
3-Jan-08 685.26 686.85 676.52 685.33 3,252,500 685.33
2-Jan-08 692.87 697.37 677.73 685.19 4,306,900 685.19
31-Dec-07 698.57 702.49 690.58 691.48 2,376,200 691.48
28-Dec-07 704.93 707.95 696.54 702.53 2,537,000 702.53
27-Dec-07 707.07 716.00 700.74 700.74 2,942,500 700.74
26-Dec-07 698.99 713.22 698.21 710.84 2,530,000 710.84
Malcolm Says:
They already do that in China. Google was recently investigated because one of the people it turned in from its search engine
Um... I think you are thinking about the _other_ search engine, I forgot what they're called... yeah who? :-)
Bay Area DQ numbers out for December:
http://www.dqnews.com/RRBay0108.shtm
This time, median is finally down, and it's down in EVERY SINGLE COUNTY (except Marin, for which it is flat). Let's hear the bulls' arguments now that Bay Area prices are immune to the downturn.
I like their headline,
"Bay Area home sales drag along bottom, median price back to 2005 level."
Peter P
2008 Jan 17, 4:58am
median price back to 2005 level
I still remember hearing homeowners boasting $xxx/day appreciation.
Malcolm
2008 Jan 17, 7:34am
SP, I stand corrected, it very well could have been Yahoo and I mixed them up. I'm not certain.
skibum Says:
I like their headline: “Bay Area home sales drag along bottom"
At least another quarter of dragging along the bottom, then a couple of quarters of sliding down the back of the thigh, a quarter dragging along the back of the knee, maybe a quick run down the shin, then circle the ankles for another quarter.
Let me know when it is tickling the sole, I may start looking at a house to buy.
My favorite line is still there: "Indicators of market distress continue to move in different directions". An apt euphemism for stuff hitting the fan.
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Sale prices are always given as an absolute number, without context. The reality is that falling prices can be masked to some extent by a longer number of days on the market.
Getting $500,000 within a week of listing is not at all the same thing as getting $500,000 after having the house on the market for 2 years, yet both are recorded as the same price. Ultimately, you can pretend your house is worth whatever you want by letting days on market go to infinity -- just pulling it off the market. No one will buy it for your dream price, but you don't have to face the reality that it is not worth what you thought either. Assuming you can pay the mortgage.
Realtors know that increasing days on market proves that a house is not worth the asking price. That's why they commonly try to scam users by re-listing a house as if it just came on the market.
Patrick
#housing