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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (18338)	3/9/2004 3:15:16 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

That's OK. I never believe such figures anyway. As I've said before, the figures published even locally about how much home prices rise or fall in a certain time period make no sense and drive me nuts when I hear them quoted. Each house is different. It's hard to say "houses" have increased in price from point A to point B, when the figures are really only tracking the price levels of houses which have sold--not the specific houses which have sold. If one $10 million house sells, it ruins the stats for average-priced homes.