Members: 113,050 - 1,544 Online Now
 

If you look at this report, it's meant to show a downturn in some areas; however, when you think about it it's not so bad:

http://www.msnbc.msn.com/id/8475859/

I think the author realized this and changed "5 year gain" to "5 year change" on the right column to lessen thepower of the numbers.

If he had done a straight report on 5 year gains it would look impressve all around.

Sure, this could mean that prices might continue to fall like the numbers from last year on the right column, but if you do a five study five years from now, I suspect the numbers will look pretty good.

The only problem I see is that if you bought two years ago and have to sell RIGHT NOW, then that would not be a good thing.

Bonzai

 

4 Comments on That's pretty good appreciation

Mike, again, another great post.  Kind of puts things in perspective.  Even at worste there was still a 2% appreciation over 5 years.  Thanks again, you rock!

02/02/2008 06:47 PM by Tony & Darcy Cannon - The C Team (ERA Realty Center)


We are constantly having to put the facts into perspective for the public!  It's amazing how the numbers can be written to be earth-shattering, Debbie-downer numbers for the sensationalism effect! 

02/02/2008 07:34 PM by Debe Maxwell (Helen Adams Realty)


Thanks Darcy and Debe.

02/03/2008 07:57 AM by Mike Farmer Realty


Thanks Darcy and Debe.

02/03/2008 07:57 AM by Mike Farmer Realty


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Brokerage: Mike Farmer Realty
Mike Farmer
Savannah, GA
More about me…
Mike Farmer Realty

Office Phone: (912) 786-8020
Cell Phone: (912) 429-3431
Email Me
Profound, not so profound, and downright foolish views regarding the real estate profession.


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find GA real estate agents and Savannah real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved