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Q: Real Estate Price Reporting ( No Answer,   0 Comments )
Question  
Subject: Real Estate Price Reporting
Category: Business and Money > Economics
Asked by: painternow-ga
List Price: $5.00
Posted: 19 Apr 2004 13:04 PDT
Expires: 19 May 2004 13:04 PDT
Question ID: 332691
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?
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