From the Los Altos Town Crier: National home sales down, locally – up.
The average price of homes in June was $922,149, down from $970,702 in May.
The headline is absurd. They're trying to catch greater fools.
Besides, the EE is well aware that people have trouble conceptualizing large numbers like $900K.
Let's revisit the numbers again:
Drop = $970,702 - $922,149 = $48,553.
Number of days in June = 30.
Drop each day = $1,618.
That's a fuckload of money to be losing each bright summery California day in June, innit?!?
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