I thought it was a bad sign that Mr. Mortgage was referencing the median price instead of the Case-Shiller HPI. He didn’t seem to understand that the median price continued to rise into 2007 because of a change in the mix of sales. He also didn’t seem to understand that the rapid fall in the median price since its 2007 peak was exaggerated due to a change in the mix of sales. It suggests to me that this person might not be too thorough with his research. I’d have a hard time trusting his conclusions.
