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: John Chen who wrote (1272)	12/31/2001 10:17:27 AM
From: Robert Douglas	Read Replies (1) of 306849

John, Yeah, the numbers don't really mean a lot do they? I think median prices are especially deceiving when it comes to existing homes. It's a great deception played by the real-estate industry, in my opinion. The typical house has gotten bigger and better over the past 30 years, yet we are led to believe that home prices are advancing on their own accord. If you adjust for differences, the rises are tempered significantly. The numbers, as reported, compare apples to oranges. New home prices can also be deceiving, but they carry a clue as to the demand for housing. An increase in demand for smaller homes will drop the average price of new homes. That's why I felt the report from Merrill that I quoted is significant.

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