You say prices ‘hit bottom’ in December ’06. I say ‘local minima in noisy data.’
Exactly my point. Now you get it. My claim of 9% increase was bogus because the data are noisy. I was trying to point out the futility of ignoring noise.
Why do you say ‘samples’? It’s the universe of home sales for the month. There is no sampling involved whatsoever.
Glad you asked. The samples are the particular homes that sold that month, whether they are representative of the entire zip code or not matters. When you compare to those houses sold in the same zip code from another month you are comparing to an entirely different sample set.
Prices are dropping in La Jolla. Get used to it.
Absolutely. I agree 100%
