Good news, bad news time for real estate and the general economy this week.
The bad is, I am afraid, very bad, indeed.
Prices for single-family homes took a nose dive in the first quarter of 2008…down an enormous 14.1 percent from the year before.
Standard & Poor’s/Case Shiller report, according to Reuters, says this is at “a [...]
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Conflicting Housing Market Data?
by Anwell Tsai | November 13, 2008Real Estate markets are inefficient and involve non-homogenous assets being negotiated and purchased by private parties. It becomes difficult to track data since conditions of sale, financing, and property rights being sold, among other things, can not be easily verified.
However, there are more and more sophisticated indices published by various companies that [...]