The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jason W who wrote (483)	8/29/2001 3:45:07 PM
From: Raymond Duray	Read Replies (2) of 306849

Hi Jason, Lie, Damn Lies and Statistics Dept. ~ That Shrieking Headline of yours represents a real increase of overdue mortgages of 1 in 800*. Quite a snore if you put it in that perspective, don't you think? Well within the range of statistical noise. Regards, Ray :) Calculation based on (a) survey by the Mortgage Bankers Association of America estimates 0.77 percent of all New Jersey mortgages were 90 or more days overdue in the first three months of 2001, up from 0.65 percent in the first quarter of 2000. So, the increase is 0.12%, or roughly, 1/800.

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