You write the blog

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Well, technically, WE write the blog, but sometimes you tell us what to write. Early this morning frequent commenter Cal told us about this item, a press release late last night from DataQuick Information Systems:

‘The median price paid for a home (in California) last month was $479,000, down 1.0% from the record high of $484,000 for March, April and May. That was down 0.2% from $480,000 for June a year ago. The year-over-year decline in median was the first since January 1996, when the then-median of $146,000 was down 2.0% from $149,000 a year earlier.’

Both Cal and BetterVillage agreed -- and they rarely agree -- it was a little fishy that DataQuick put this news out late on a Friday night, which is the best time of the week to bury bad news.

Better Village wrote*, ‘I dont think Dataquick wanted the headline ‘Home prices drop first time since 1996’ plastered everywhere.’

Note: This is a corrected version of an earlier post. In that original post, we misquoted BetterVillage, writing -- wrongly -- that he had suggested the headline for this item would be ‘Home prices drop first time since 1996.’ As you can see from his original comment, and the corrected post, BetterVillage did not suggest that headline; he wrote that it was a headline Dataquick probably did not want to see. LA Land regrets the error.

Thanks, Cal.
Photo Credit: Reuters