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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Rob Fritz who wrote (5617)9/26/2002 6:45:00 PM
From: Elroy JetsonRead Replies (3) of 306849
 
The only accurate method is a "same home" index, such as used by the Real Estate Research Council.

Their recently released index for April 2002 shows the following 12 month value increase:
_10.5%__Southern California;
__5.3%__Northern California.

csupomona.edu

The additional information in this report details this information down by county since 1990. It also shows how this correlates to income, employment and rent, and coincidently foreclosures. The next appraisal period is October 2002. This report is well worth reading, as is everything in the RERC website. csupomona.edu

The often cited Dataquick uses a less accurate method to determine price changes, but this is in turn more accurate than the Realtors associations which merely report median sales price - a bogus statistic almost devoid of meaning.

To point out the obvious, inaccurate information is available immeadiately while more accurate information takes time and care to compile so is available with a significant time delay.
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