I am starting this thread to discuss the specific "penguin update" that Google Launched late April that many Realtors / Webmasters (indeed even our own customers) have reported seeing the effects of.
Have you seen a decline in rankings / traffic almost immediately after April 24th? Chances are this is a good place to start. *Please note, if you saw a decline in the month prior, chances are you triggered the "Panda Filter" that was recently updated nearly a month prior.
So what is the Penguin update? Basically it is an update to the Google algorithm that "punishes" webmasters (in a far more aggressive way that we have seen in recent times) for blatantly violating their terms of service. Things like keyword stuffing, purchasing links (and many other forms of link schemes), and many other items seem to be reviewed in this update. It is also one of the first times we have seen an active / aggressive penalty against a site based on "who links to you" - meaning you could be harmed by sites that link to you and you might not even know they exist. Let's give Google some credit though, they are pretty good at telling what obvious link spam is.
Why have you been hit? Here is my #1 answer (ESPECIALLY FOR THOSE OF YOU WITH OLD SITES)
It's your links! For years SEO has been about adopting the "next link technique" from reciprocal linking, to swapping blog posts, or blog rolls, to blog and forum commenting, purchasing links you name it. In the past it seems that these techniques (which worked for quite some time) would simply seem to get devalued (Google no longer counted them) so you moved onto the next "thing" - but of course how many of you went and removed all your link exchanges? Deleted blog posts etc? You didn't know for sure that they were devalued and what hurt could possibly come from leaving them right?
Well now Google is looking at your linking and actively penalizing you for these techniques that you may have not even performed for years (hopefully because you learned better). They are even going so far as to send you a letter in your webmaster tools advising you that your linking is inappropriate and you need to check yourself (fix your problem) and request forgiveness.
But what if I didn't get a letter? You likely don't have a penalty BUT what if a lot of those partners you have did? Imagine you were getting your juice from 10-20 sites (out of your thousands of links) and all of a sudden most of them got a penalty. Now you have no juice and thousands of links to get through to try to figure out where the lost juice was.
I am not sure finding the lost juice is the answer for this - instead, it is time to stop resting on old links that have lost their value and realize you need to learn how to link build in 2012 (Again most older sites are guilty of sitting on their authority and not actively updating their link portfolio) - this has finally caught up to many with this update.
No penalty, and your rankings dropped prior to April 24th? Again - that is likely the Panda algorithm which we will discuss in another thread.
So let's talk Penguin - anyone hit? Have questions, comments, observations?

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But wouldn't a change in the algorithm that way as a penalty open the door up for swamping your competitors with "unnatural" links to get them penalized?
