FWIW, I have often been baffled by Dataquick’s analyses and commentary. They must be using different data than the rest of us can get because they always seem to run counter to everything else I see.

For instance, Dataquick commented not long ago that during the last recession the average drop was 15%, but I could only identify just a couple of areas that “only” dropped by 15% on a house-to-house basis of comparison. The averages I saw on a regular basis were more like 20 – 25%, and I saw a couple market segments drop by nearly 40% off peak.

When Dataquick’s John Karevoll finally starts talking about big losses (if he ever does) THEN you’ll know that we’ve hit bottom and it’s time to buy.