New report shows the media may be wrong about home prices !!!!!
Wow who has it right ? The new report does say there was growth just slower than it has been in 10 years actually reporting a growth of 4.3% .( stats are from OFHEO )
They have been tracking prices for over 30 years
National Association of Realtors reports there was a 1.8% decline in the 1st qtr.
The difference comes from how it is calculated .One groups uses
differences in values when single-family homes are resold or refinanced.
NAR uses a different type of average for find value .
Im sure there is a whole lot more to the story but I guess for me it just proves there is always two ways to look at something ! Half full or half empty
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