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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From: rrufff	9/28/2004 6:15:48 PM
	Read Replies (2) of 306849

Does anyone have any thoughts on how realistic indices are that claim to measure price increases in real estate. I've noticed in Massachusetts that multi-million dollar homes are not selling. Starter homes and homes in less than prime areas are moving fast and prices are increasing. Even though an index might not indicate a huge price increase, compared to prior years, the working class home buyer is still seeing higher prices here. I guess my question is this - If someone sells 1 million dollar home, it tends to skew the index. Are the indices median or mean based?

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