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Home Prices in U.S. Drop Most on Record in Quarter

Started by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
This is worth posting for this comment alone: Some areas showed “dramatic” drops in home prices, Yun said. “In areas with the biggest price declines, we also see much higher levels of distressed sales which are distorting the data,” he [Lawrence Yun of the National Association of Realtors] said. http://www.bloomberg.com/apps/news?pid=20601087&sid=aKkPN8keugMw&refer=home I see. When prices go down it's a distortion, but not when they go up. Kewl.
Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

Yes, ANY decline is a distortion, because RE only goes up.

Don't you know?

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