Here’s a very cool graph to remind us that national news is far different from local news:

Looking at a period spanning October 2006 – October 2007, the only region that netted a gain in the median home price was the Northeast. Don’t you love living here?
PS, I wholely endorse the RealEstateABC website and give them all the credit for this graph. Check it out for excellent, unbiased info.
Enjoy this last day of 2007!
Chris


