Posts Tagged ‘Realtors’Housing Perspective: Home Prices Fall … AgainBy RYAN TAYLOR The National Association of Realtors announced yesterday that the median home price in the US fell by 12% from a year earlier. Not surprisingly, the fall in prices was driven by the ever increasing number of foreclosure sales which accounted for 45 percent of all transactions. The pressure on prices is only [...] Keepin’ It Real Estate: Buyers’ Market? BewareBy ANDREW JEFFERY This post first appeared on Minyanville. Is it a buyer’s market? Ask most real-estate professionals the above question, and the response will almost certainly be an emphatic “Yes!” After all, they quickly explain, inventory levels are at all-time highs, sellers are desperate to get out from under their rapidly depreciating homes, and [...] Straight Up Statistics: The Magic of Seasonal AdjustmentsBy AUSTIN NELSON Have you ever wondered what the heck it means when you read that economic data is “seasonally adjusted?” How can non-seasonally adjusted data show one trend while seasonally adjusted data shows something completely different? Which dataset is the most reliable? The in-depth answer to these questions requires a PhD in statistical analysis. [...] Housing Perspective: August Case-Shiller Home Price IndexThe S&P/Case-Shiller home price index is out today, showing a continuation of the downtrend in property values. Data from August — two full months before the financial crisis spun out of control — shows weakness across the country: Prices fell in August for the 25th consecutive month Prices in 10 major markets plunged a record [...] National Association of … Really Really Good LiarsCirios Real Estate Housingwire.com reports that pending home sales levels have fallen significantly since this time last year, according to data released by the National Association of Realtors (NAR). The NAR report on the same data is titled “Pending Home Sales Rise, Wider Gains Anticipated….” So where’s the discrepancy? How can the exact same data [...] |