Real Estate prices are being reported on a monthly basis, it seems.
For instance "Prices are up 20% in Los Angeles County in March, 2004
,compared to March 2003". Then, we might get this report: "Prices
continue to soar! Prices in are up 20% in Los Angeles County in April
2004, compared to April 2003". Isn't that a bit deceptive, or am I
missing something? Isn't that 20% sort of built in, and prices are not
"continuing to soar"? Once and a while, a report will compare to the
previous month, which seems more useful. But even then, they will say
"prices rose 18% in February, but at a slower pace than January which
was 20%". Assuming pricing in that period last year was constant,
prices actually went down. No? |