AVERAGE PRICE represents the Prices of the Homes THAT SOLD that month – the composition is different all the time — not the homes that are not sold and those that are NOT for sale
The “Do-Overs” make a Mockery of the SNLR (which we give to CREA and sometimes gets the CREA aggregation gets included in Monetary Policy Report – This time it’s chart 17
These two are the finest ones I have ever done, IMHO
School Year PLUS this calculates the TWO YEAR Price change — NOT the one year REGULAR Calendar I wish they started the Price scale at 600K or 750K Ron Hauth’s Chart starting from 1972 — GFC barely registers And 2007
School Year shows the prior months of Q3 & Q4 2022 See January ?? — stuck on the left-hand edge.. Good ol’ Ron Hauth Shows both Price and Sales for us
WHERE were the sales: Kinda similar distribution … but it’s early yet. Prices dropped more in one year in 905 and sales dropped more in 416 By Type the differences 10%- 21% higher in 416 SEPARATED Looks at PRICE Separate looks at Sales both off by 35-38% from longer term averages
Estimated Jan 2023 SALES in “School Year” (Sept-to Aug) format. I think it’s the best way to demonstrate “Seasonality” esp at this time of year (below) See how January gets ‘lost and totally disconnected from Q3-Q4 of Prior year’ on the left-hand borderline Projecting PRICES to range of $1.029MM to $1.064MM HOW WE CALCULATE the…
NB Mr Rosenberg NOT in the Real Estate Business – i.e. he wants you to give your investment money to His Team, not Our Team — but that doesn’t mean he’s not a keen observer of fiscal, monetary/ economic trends, regular/ sophisticated people, markets generally, governments specifically — and the bonehead ideas that self-interested advisers…
Two Looks at Projected SALES We continue (7th consecutive month) being 45% below the 5 & 10 year averages and 50-60% below the Level of HOT market sales Prices: two Different Looks Calendar year (Jan to Dec) using the 20 year average of % chg from Dec to January which is +1.29% and our Minimum…
unclebobexplains 