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Joined: 14 Jul 2007 Posts: 0 Location: Greater Boston
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Renting in Mass
Joined: 26 Jun 2008 Posts: 381 Location: In a house I bought in December 2011
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Posted: Tue Sep 29, 2009 4:38 pm GMT Post subject: |
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Is that the biggest disparity ever? |
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admin Site Admin
Joined: 14 Jul 2005 Posts: 1826 Location: Greater Boston
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Posted: Tue Sep 29, 2009 4:41 pm GMT Post subject: |
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Renting in Mass wrote: | Is that the biggest disparity ever? |
I don't think so. If I remember correctly, there were some pretty massive disparities before The Warren Group stopped including foreclosures in their numbers. It is possible that this is the biggest disparity since then, though that's not something I've been tracking.
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Renting in Mass
Joined: 26 Jun 2008 Posts: 381 Location: In a house I bought in December 2011
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Posted: Tue Sep 29, 2009 4:50 pm GMT Post subject: |
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Oh man, lots to make fun of in this article.
A positive sign: This is the third straight month that median home prices have exceeded $300,000, the Warren Group said.
In other words, prices are down from this time last year, but they have been over an arbitrary number for three months in a row. Woohoo!
The Massachusetts Association of Realtors also issued its monthly report on the local real estate market today. While it uses a different method to track housing activity, its results were generally in line with those of the Warren Group's.
Except for the fact that the Warren group has prices dropping twice as much! And am I missing it, or does the article never provide the YOY price drop percentage for the Warren Group data? |
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admin Site Admin
Joined: 14 Jul 2005 Posts: 1826 Location: Greater Boston
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Posted: Tue Sep 29, 2009 4:54 pm GMT Post subject: |
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Renting in Mass wrote: |
Except for the fact that the Warren group has prices dropping twice as much! And am I missing it, or does the article never provide the YOY price drop percentage for the Warren Group data? |
You're correct. I had to calculate the percentage decline myself for The Warren Group's data even though they gave it for The MAR's data. It's hard to say whether that was intentional obfuscation or just sloppiness.
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Renting in Mass
Joined: 26 Jun 2008 Posts: 381 Location: In a house I bought in December 2011
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Posted: Tue Sep 29, 2009 5:07 pm GMT Post subject: |
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I know where I'd put my money, but I'm a cynic |
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