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

To: LTK007 who wrote (268306)8/11/2010 4:39:21 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
The reason the median price is going up is because the top end is getting crushed and more sales(% wise) are now occurring at the upper end skewing the median price higher.

I just saw a closing today for 690k here in Kona. The guy paid 900k at the bottom of the last recession in 1994. Minus his 7%+ closing fees, I'm guessing his ass hurts really really bad today. House was likely in the $1.8-2m range at the 05/06 peak.



To: LTK007 who wrote (268306)8/11/2010 4:54:10 PM
From: tejekRead Replies (3) | Respond to of 306849
 
Ignore NAR but look at the facts. The median was up YOY in lots of housing markets.


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