Jump to content

Recommended Posts

  • Replies 3
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Posted

There was this little bit of info in the article...

 

"Last month's median house price was $448,500, the Northwest Multiple Listing Service reports. That's almost $19,000 above February and about $10,000 higher than March. But it still falls 3.6 percent short of the previous April's $465,000"

 

But anyhow...C'mon, amigo. You know that $50 of the bet was on Case-Shiller-Weiss, and the other $50 was on a home that you were supposed to select as of Nov 1 '08. No one uses the NWMLS stats as a reliable guide to what's going on with the value of the average home, at least not anyone that's lending money (I hope).

 

When the CSW numbers for April come out in June, I'm pretty confident that they'll reveal that the NWMLS median numbers got a bump as a result of the sales mix changing, with more high-end homes changing hands relative to less expensive places.

 

Time will tell.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...