Home Prices: Up or Down?
Our senior freelance writer, Camilla McLaughlin, shared an article from the Washington Post with me today that is truly fascinating for anyone who follows the real estate market. We’re constantly hearing the latest statistics on home sales, inventories and prices. But the sociologist in me tells me that we can’t look at a set of data without also considering how that data was derived. What were the sources for the information? How was the data compiled for computed? What was the exact methodology? (Somewhere at Franklin & Marshall College, Professor McClelland is smiling).
This article details two home price indexes that were released within two days of each other. The results were drastically different, even within the same markets. But a closer look at how the numbers were derived tells the story…
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/07/AR2007090701163.html
