LJ/PB really is immune!!

[jpinpb]

I know. After all, they did quote Cindy Wing. It must be true.

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[EconProf]

BobS
Anybody notice in the examples cited of the strong correlation between neighborhood price trends and distance to the center of the city?
Looks like the fallout from suddenly $4 gasoline. Given the time lag between changes in buying trends and the inflow of data, can we expect a continuation of these neighborhood price trends in the months ahead?

[EconProf]

BobS
Anybody notice in the examples cited of the strong correlation between neighborhood price trends and distance to the center of the city?
Looks like the fallout from suddenly $4 gasoline. Given the time lag between changes in buying trends and the inflow of data, can we expect a continuation of these neighborhood price trends in the months ahead?

[EconProf]

BobS
Anybody notice in the examples cited of the strong correlation between neighborhood price trends and distance to the center of the city?
Looks like the fallout from suddenly $4 gasoline. Given the time lag between changes in buying trends and the inflow of data, can we expect a continuation of these neighborhood price trends in the months ahead?

[EconProf]

BobS
Anybody notice in the examples cited of the strong correlation between neighborhood price trends and distance to the center of the city?
Looks like the fallout from suddenly $4 gasoline. Given the time lag between changes in buying trends and the inflow of data, can we expect a continuation of these neighborhood price trends in the months ahead?

[EconProf]

BobS
Anybody notice in the examples cited of the strong correlation between neighborhood price trends and distance to the center of the city?
Looks like the fallout from suddenly $4 gasoline. Given the time lag between changes in buying trends and the inflow of data, can we expect a continuation of these neighborhood price trends in the months ahead?

[Doofrat]

Housing slumps tend to travel from the suburbs (or super suburbs, or super super suburbs out there in Death Valley or wherever the new developments are now) in towards the city centers in general with the least desirable housing (condos, townhomes, apt. conversions, cracker box houses in bad areas) falling the hardest. It’ll catch up to these areas at some point, but the gas prices can’t be helping much, so it’ll probably slow the decline in the prime central areas IMO.

It’s funny to see people talking about how the areas closer to the golden triangle and downtown haven’t declined as if they are immune somehow. If you read about downturns, it’s totally expected just like the bubble burst was.

[Doofrat]

Housing slumps tend to travel from the suburbs (or super suburbs, or super super suburbs out there in Death Valley or wherever the new developments are now) in towards the city centers in general with the least desirable housing (condos, townhomes, apt. conversions, cracker box houses in bad areas) falling the hardest. It’ll catch up to these areas at some point, but the gas prices can’t be helping much, so it’ll probably slow the decline in the prime central areas IMO.

It’s funny to see people talking about how the areas closer to the golden triangle and downtown haven’t declined as if they are immune somehow. If you read about downturns, it’s totally expected just like the bubble burst was.

[Doofrat]

Housing slumps tend to travel from the suburbs (or super suburbs, or super super suburbs out there in Death Valley or wherever the new developments are now) in towards the city centers in general with the least desirable housing (condos, townhomes, apt. conversions, cracker box houses in bad areas) falling the hardest. It’ll catch up to these areas at some point, but the gas prices can’t be helping much, so it’ll probably slow the decline in the prime central areas IMO.

It’s funny to see people talking about how the areas closer to the golden triangle and downtown haven’t declined as if they are immune somehow. If you read about downturns, it’s totally expected just like the bubble burst was.

[Doofrat]

Housing slumps tend to travel from the suburbs (or super suburbs, or super super suburbs out there in Death Valley or wherever the new developments are now) in towards the city centers in general with the least desirable housing (condos, townhomes, apt. conversions, cracker box houses in bad areas) falling the hardest. It’ll catch up to these areas at some point, but the gas prices can’t be helping much, so it’ll probably slow the decline in the prime central areas IMO.

It’s funny to see people talking about how the areas closer to the golden triangle and downtown haven’t declined as if they are immune somehow. If you read about downturns, it’s totally expected just like the bubble burst was.

[Author]

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