RealEstateJournal | Commentary: Don't Judge Housing Market By the Numbers
RealEstateJournal Commentary: Don't Judge Housing Market By the Numbers
By Dr. Irwin Kellner From Marketwatch
If the housing market is weakening, why are home prices still rising?
To answer this question, let us return to those thrilling days of yesteryear, when we first learned math. It was then we discovered that figures may not lie, but liars do figure.
You see, there are averages and there are averages. And when it comes to home prices, you need to know how they are calculated before you can conclude what's happening to the price of the average home.
Knowing what's actually happening to home prices will help you determine if the price of the home you are selling or buying is right.
By Dr. Irwin Kellner From Marketwatch
If the housing market is weakening, why are home prices still rising?
To answer this question, let us return to those thrilling days of yesteryear, when we first learned math. It was then we discovered that figures may not lie, but liars do figure.
You see, there are averages and there are averages. And when it comes to home prices, you need to know how they are calculated before you can conclude what's happening to the price of the average home.
Knowing what's actually happening to home prices will help you determine if the price of the home you are selling or buying is right.
posted by Patrick Leblanc at 12:58 PM
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