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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (21294)6/4/2004 1:31:20 AM
From: gpowellRead Replies (1) of 306849
 
Don't you think it is little ironic that you began this discussion by disbelieving a real estate report and you are now using another real estate source to support your view?

Even the ofheo reported a >5% increase yoy (HPI) in the SF MSA, which is the report you used to make your original case. BTW, the ofheo report indicated a 1% increase in Q12004 for santa clara valley.

I do not think anyone is disputing the fact that some segments of the housing market in the Bay Area have lagged equivalent market segments in other areas. But you can't dispute the statistics that show median price is rising, even in the "beleaguered" Bay Area.

As has been pointed out here repeatedly, even by you, statistics that span segmented markets can't tell the whole story. For instance, the Mercury News reports one zipcode in Berkeley added 18 percent rise in median price, while the next zip code 2 percent decline.
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