OCR yes I would agree that the shift in the analysis of the data should be made to obtain a more comprehensive picture. If I had more software capability I would write a script that could look at the realist tax roll and parse out sales that were due to distress or were lender owned but that is never going to happen.
Also as you know, I like to seperate fact from fiction. Every time someone talks about this large cache of inventory the lenders are holding back and how they see signs for homes on the market but on the MLS, how come nobody ever takes the 2 minutes to simply call the listing agent and ask about the home? As you know I have even volunteered to do it for them. Yet not one single post asking for me to do this or reporting that someone actually did call the listing agent.
Anyways yes I think in order to gain insight into the market one must choose whatever sources they want to use but acknowledge the reality of the situation and that the source they use may not account for extraneous conditions. I do that with the MLS and of course Realist. Others may or may not and certainly the conclusions we all draw should be grounded in the interpretation of all factors.
