[quote=AN][quote=millennial]It’s called data mining and selection bias to try and prove a point. To which I am not sure of. So bifurcation is creating home values to go up? Why did you choose San Diego county as a whole? Why did you choose 2010? Is it cause it served some purpose comparing a time soon after the collapse? Why did you choose households greater than $200k?[/quote]Not everyone need to be able to afford to buy a house. You just need the population who can afford to buy here to grow. Hence the $150-199k and >$200k group. You can look up data for your own sub area if you want. I looked up mine and it reflect similar to SD county numbers. My area have no new housing, so no new household addition. Just long time owners being replaced by newer more affluent owners. $100-149k group went from 22.1% to 25.7% of the area, $150-199k group went from 9.6% to 10% of the area, and >$200k group went from 4.5% to 5.5% of the area. When you have more affluent people moving in, they tend to push the the price.[/quote]

To be honest it’s hard to say that your hypothesis is true without looking at other additional variables. Other variables I would include off the top of my head would include but not be limited to: home turnover %, average ages, and inflation. I would also have to look at the candlestick to see which % are on the cusps of each of those segments. It really could be as simple as people just making more money due to raises, inflation, or investment income. Not sure exactly how much the Dow went up during that timeframe but I imagine that it did.