Okay, so we overlooked it when the Wall Street Journal ran the piece last week, but we caught it when it hit the Myrtle Beach Sun News (don’t ask). And “It” is a statistic from analyst John Tomlinson at Majestic Research who tracks new-home sales in 40 major markets. According to Tomlinson, year-over-year new-home sales fell 30 percent in San Francisco. Unfortunately we can’t tell if Tomlinson includes condos in his “new-homes” stat; if not, it’s probably not too meaningful in this market, but if so…
∙ Experts predict real estate drop will spread [MyrtleBeachOnline]