Friday, December 19, 2008

Signs of the Recession: Home Prices Drop Again

By Chris Thompson
Fri, Dec 19, 2008 at 5:14 AM

The fun just keeps a-comin'. The realty research firm MDA Dataquick has released its November numbers, and Bay Area homes are now worth an average of just $350,000, a record 44.4 percent drop from the same time a year ago. According to the San Francisco Biz Times, homes were worth an average of $629,000 in November 2007. But people are snatching up those cheap homes, as sales volume continues to increase. Meanwhile, there's a friggin' turkey running around with an arrow stuck in its friggin' back!

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