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| reply to jig
Re: Home Values going down the toliet?
Draw your own conclusions.... |
said by jig:this particular article is doing it's best to incite fear... O rly...?
look at the vertical scale of the graph, it doesn't go to zero, but makes it look like sales have dropped off a cliff.
That's housing over the last year, and the chart is in millions...
if anything, they should have measured the drop against a running average, not a recent peak. When you do that it actually looks a lot worse...
i'm not saying we aren't heading for a correction, but this article sucks.
Not thinking about it or not talking about it will prevent reversion to the mean...
This article gets it's data from the commerce department, feel free to dismiss the bias, and provide us with a more balanced view of the data - »www.census.gov/const/www/newress···dex.html
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"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax | | |
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 jig
join:2001-01-05
Hacienda Heights, CA | Ok, here is the chart as it should be. The black bars are the average of the data as given. Notice that the dip in January is about 10% off the average, while the peak is about 8% above the average.
And these are just sales, AND they left off one of the most important pieces of data, the past December-January data. How many homes do you think normally switch hands around Christmas?. My bet is that seasonally, it's USUALLY the lowest sales time of the year, if for nothing else than the banks/sales staff are all on vacation.
The article is worse than useless, it's misleading.
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A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law. -Ben Franklin | |
 coxtaUltramundanePremium
join:2000-07-15
LALALALALALA
 ·Pacific Bell - SBC
1 edit | You could loess all the data for the last ten years and it would look like a smooth line. I don't have a problem with the data presentation, it's a way to give an idea of the relative change, not the absolute. The issue, is how it's interpreted.
I work around the real estate business, and the prevailing observation is that home prices are steady to increasing, but sales are fewer. Also, keep in mind that presented data is lagging by about six months.
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