Soft in San DiegoBy
Check out this story from the San Diego Union-Tribune saying that the median price of new homes in the area dropped from $495,500 in April to $424,000 in May. Mathematically speaking, if prices kept falling at that monthly percentage rate (which they won't) they would be down to $12,000 in two years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.