In case you missed it DQNews said in Feb '07:Change in Statistics Methodology
February 14, 2007
Note to the news media and others:
We have made a couple of changes in the way we generate our sales counts and median sale prices. These changes, which reflect the use of new tools that allow us to provide the best data possible, will take effect starting with our published January 2007 sales statistics.
The highlights:
Sales counts: Changes in our methodology to determine the number of sales transactions have resulted in a roughly 10 percent increase, on average, in our historical monthly sales totals. In most cases this has little if any impact on the year-over-year increase or decline in sales.
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How do those 2007 vs 1992 comparisons look now?
18 comments:
First, let's note that there are lies, dammned lies then statistics.
'S up, Wagga? I am still a daily reader, but kinda shy lately. (*:
Oh, yea, and murst, for old time sake!
Don't be shy.
I've been stretched getting beta copies of the new release out to the users. Next week I'll be swamped with fixes, will settle down after that & I can think a bit about the energy series.
Booyah!
I don't really understand why they wouldn't have counted multiple homes sales in one transaction as multiple sales, but whatever.
The median price change should show a higher median price than before, since new home sales are now included. Again, whatever.
DQ needs to update their data since 2000 so that there are honest comparisons to be made. But any way you wish to look at the numbers, it is not a pretty sight.
And for those saying that things are different in the northwest, go to the DQ website and take a look at their links to Portland and Seattle. It's starting to show some bad signs.
OMG, what a braniac. From Purva:
Perhaps the most important number here is the median price of the pending sales which is $279,000 suggesting that price more than any other factor is determining which houses sell.
Anxiously awaiting Sep 2007 YOY numbers, I having feeling they will be ugly.
As a hick in flyover country, my pea-sized brain still cannot grasp the median price of California housing. Parts of it are still nice places to visit, though. Dawg, if your Koi Farm gets down to 200k you'll have me as a neighbor. With the sweat equity required, I think this is reasonable.
Perhaps it is due to the image juxtaposition, but for some reason I can't read this post without thinking of yoyos (and even Yoyodyne) rather than YOY. Nonetheless, I think they are an intriguing metaphor.
BTW, the Philly Cream Cheese Angel seems to really love her horse.
P.S. Condy Rice is a F-ing CUNT.
Wow! Akubi's website has progressed to money shots and now is flirting with bestiality!
Almost as good as watching Rob's lipstick canary CFC auction!
Keep up the great work!
OMG, this disgusting chart (lifted from HP) says it ALL!!!!
http://tinyurl.com/2molru
@ Wagga,
OKAY, I won't be shy. te he.
Sounds like you have a lot going on, which is a good thing.
@FMW
Hey glad to see you again!!! I always was impressed when you called into Casey and reamed him a new one.
My favorite quote
Casey "So what would you do if you were in my situation"
FMW "I don't know, there is no way in hell I would have gotten INTO your situation!"
Anyways, checked out the chart, they should add two more bar graphs.
Amt lended would have followed the green bars. Ability to pay back lenders wouldhave followed the orange bars.
@ LEIGON,
Thanks for the memories! I was speechless (which is hard to do to me)when he used his 'classic' Casey conversation manipulation of turn it around!
My fav, "Is it clean or still green?", when he tap danced around my pool question.
HA!
Ze graph sez, IMO,
1. house prices have to come down,
or
2. stay flat whilst income goes up.
Green and Orange bars would be good.
Casey "So what would you do if you were in my situation"
@FMW
I would have said "Kill myself"
LOL @ Leigon....
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