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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: regli who wrote (55296)8/24/2006 6:11:36 PM
From: valueminded  Read Replies (1) of 116555
 
Regli:

Since the question came up about skewing the mean, why wouldn't you look at the sales numbers below the mean and above the mean. If you do, you get the following:
<250k >250k
2005 2nd quarter 191,000 161,000
2006 2nd quarter 165,000 149,000

drop in sales -14% -7.5%

Now I am not sure how this shows prices as clearly going down. Total sales dollars - yes - but prices (at least presently) I am not so sure of. Sales here (in Nashville) continue to grow although I believe they are slowing. The builders (on the other hand) continue to build like there is no tomorrow so I think a number will find themselves with cashflow issues.
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