year over year: The Weather Man's Guide To Understanding Real Estate Data
- 08/15/09 01:10 AM
Due to some recent improvements in seasonal housing data and statistics, a lot of people (Jim Cramer) and media outlets (AP) are beginning to sound the drum for a housing bottom. I thought it would be worth pointing out that much like the weather, the majority of real estate data is best interpreted in a year over year comparison versus month over month. The reason for this is because real estate is a seasonal industry, much like the weather is. Home values, the number of listings, and the number of sales, are driven by the time of the year. You don't see weather men or women comparing … (4 comments)
Due to some recent improvements in seasonal housing data and statistics, a lot of people (Jim Cramer) and media outlets (AP) are beginning to sound the drum for a housing bottom.
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