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Bugs.
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August 26, 2007 at 10:36 AM #81277August 26, 2007 at 11:58 AM #81147
ocrenter
ParticipantI varified the sale price with my usual source. But I would like to see SD realtor, sd realtor, and bugs look into this as well.
August 26, 2007 at 11:58 AM #81279ocrenter
ParticipantI varified the sale price with my usual source. But I would like to see SD realtor, sd realtor, and bugs look into this as well.
August 26, 2007 at 11:58 AM #81298ocrenter
ParticipantI varified the sale price with my usual source. But I would like to see SD realtor, sd realtor, and bugs look into this as well.
August 26, 2007 at 12:00 PM #81150ocrenter
Participant1 526 Sweet Pea Pl Sep 06 $540,000 3/2.5 1268 sqft
3 621 Sweet Pea Pl May 06 $561,000 3/2.5 1268
4 525 Sweet Pea Pl Mar 06 $555,000 3/2.5 1268
6 581 Sweet Pea Pl Aug 05 $705,000 3/2.5 1268 ***
8 646 Sweet Pea Pl Apr 05 $573,000 3/2.5 1268
9 645 Sweet Pea Pl Jan 05 $550,000 3/2.5 1268August 26, 2007 at 12:00 PM #81282ocrenter
Participant1 526 Sweet Pea Pl Sep 06 $540,000 3/2.5 1268 sqft
3 621 Sweet Pea Pl May 06 $561,000 3/2.5 1268
4 525 Sweet Pea Pl Mar 06 $555,000 3/2.5 1268
6 581 Sweet Pea Pl Aug 05 $705,000 3/2.5 1268 ***
8 646 Sweet Pea Pl Apr 05 $573,000 3/2.5 1268
9 645 Sweet Pea Pl Jan 05 $550,000 3/2.5 1268August 26, 2007 at 12:00 PM #81301ocrenter
Participant1 526 Sweet Pea Pl Sep 06 $540,000 3/2.5 1268 sqft
3 621 Sweet Pea Pl May 06 $561,000 3/2.5 1268
4 525 Sweet Pea Pl Mar 06 $555,000 3/2.5 1268
6 581 Sweet Pea Pl Aug 05 $705,000 3/2.5 1268 ***
8 646 Sweet Pea Pl Apr 05 $573,000 3/2.5 1268
9 645 Sweet Pea Pl Jan 05 $550,000 3/2.5 1268August 26, 2007 at 12:41 PM #81159HLS
ParticipantBRS…Additive
it is actually the “garbage” first. Here is a link to the report.http://www.census.gov/const/newressales.pdf
Read the “Explanatory Notes” at bottom of page 1.
It is +/- 12.00% not 0.12%Also,a SALE is defined as a deposit taken or a sales agreement signed. (NOT a closed escrow)
Many of them won’t be able to close on a jumbo loan.
The July revised numbers should be pathetic, IF they ever release them.TABLE 1, On page 2, the top half is “seasonally adjusted” The sales YOY in the “west” are down 19.6%
The bottom half is NOT seasonally adjusted and YTD sales are down 30%.I do not have a clear understanding on HOW they factor “seasonally adjusted” Do you know ??
Am I correct in seeing NOT seasonally adjusted as the REAL numbers, and the “adjusted” as manipulated ??The only talk on Friday was SALES UP 22%
Being down 9% would still be accurate with their margin of error. GREAT QUALITY REPORT, eh ??I’ve marked September 27th on my calendar. I can’t wait to see the margin of error on the August report.
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i.e. 2.4% +/- 12% = -9.6% to 14.4% or2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
August 26, 2007 at 12:41 PM #81291HLS
ParticipantBRS…Additive
it is actually the “garbage” first. Here is a link to the report.http://www.census.gov/const/newressales.pdf
Read the “Explanatory Notes” at bottom of page 1.
It is +/- 12.00% not 0.12%Also,a SALE is defined as a deposit taken or a sales agreement signed. (NOT a closed escrow)
Many of them won’t be able to close on a jumbo loan.
The July revised numbers should be pathetic, IF they ever release them.TABLE 1, On page 2, the top half is “seasonally adjusted” The sales YOY in the “west” are down 19.6%
The bottom half is NOT seasonally adjusted and YTD sales are down 30%.I do not have a clear understanding on HOW they factor “seasonally adjusted” Do you know ??
Am I correct in seeing NOT seasonally adjusted as the REAL numbers, and the “adjusted” as manipulated ??The only talk on Friday was SALES UP 22%
Being down 9% would still be accurate with their margin of error. GREAT QUALITY REPORT, eh ??I’ve marked September 27th on my calendar. I can’t wait to see the margin of error on the August report.
****************************************************
i.e. 2.4% +/- 12% = -9.6% to 14.4% or2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
August 26, 2007 at 12:41 PM #81310HLS
ParticipantBRS…Additive
it is actually the “garbage” first. Here is a link to the report.http://www.census.gov/const/newressales.pdf
Read the “Explanatory Notes” at bottom of page 1.
It is +/- 12.00% not 0.12%Also,a SALE is defined as a deposit taken or a sales agreement signed. (NOT a closed escrow)
Many of them won’t be able to close on a jumbo loan.
The July revised numbers should be pathetic, IF they ever release them.TABLE 1, On page 2, the top half is “seasonally adjusted” The sales YOY in the “west” are down 19.6%
The bottom half is NOT seasonally adjusted and YTD sales are down 30%.I do not have a clear understanding on HOW they factor “seasonally adjusted” Do you know ??
Am I correct in seeing NOT seasonally adjusted as the REAL numbers, and the “adjusted” as manipulated ??The only talk on Friday was SALES UP 22%
Being down 9% would still be accurate with their margin of error. GREAT QUALITY REPORT, eh ??I’ve marked September 27th on my calendar. I can’t wait to see the margin of error on the August report.
****************************************************
i.e. 2.4% +/- 12% = -9.6% to 14.4% or2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
August 26, 2007 at 1:11 PM #81183bsrsharma
ParticipantHow can U.S. Census put its name on this nonsense? One needs 10,000 data points to get +/-1% sampling error (see http://en.wikipedia.org/wiki/Margin_of_error ). Are they too lazy to get accurate data on 10,000 data points? 12% margin suggests they collected less than 100 real data points and reported it as a national statistic. Pathetic.
BTW, I have seen similar nonsense in CPI and unemployment rate. For CPI, they conveniently leave out “volatile” food and energy prices. For unemployment rate, they consider anyone unemployed for more than 6 months as “discouraged workers” and leave them out of statistics.
August 26, 2007 at 1:11 PM #81314bsrsharma
ParticipantHow can U.S. Census put its name on this nonsense? One needs 10,000 data points to get +/-1% sampling error (see http://en.wikipedia.org/wiki/Margin_of_error ). Are they too lazy to get accurate data on 10,000 data points? 12% margin suggests they collected less than 100 real data points and reported it as a national statistic. Pathetic.
BTW, I have seen similar nonsense in CPI and unemployment rate. For CPI, they conveniently leave out “volatile” food and energy prices. For unemployment rate, they consider anyone unemployed for more than 6 months as “discouraged workers” and leave them out of statistics.
August 26, 2007 at 1:11 PM #81336bsrsharma
ParticipantHow can U.S. Census put its name on this nonsense? One needs 10,000 data points to get +/-1% sampling error (see http://en.wikipedia.org/wiki/Margin_of_error ). Are they too lazy to get accurate data on 10,000 data points? 12% margin suggests they collected less than 100 real data points and reported it as a national statistic. Pathetic.
BTW, I have seen similar nonsense in CPI and unemployment rate. For CPI, they conveniently leave out “volatile” food and energy prices. For unemployment rate, they consider anyone unemployed for more than 6 months as “discouraged workers” and leave them out of statistics.
August 26, 2007 at 1:19 PM #81189HLS
ParticipantCan you clarify “Seasonally Adjusted” ??
August 26, 2007 at 1:19 PM #81320HLS
ParticipantCan you clarify “Seasonally Adjusted” ??
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