Quote:
Originally Posted by goyguy
Here's a link from today's online edition of The Cincinnati Enquirer (daily newspaper) to sales-trend and price-fluctuation percentages in communities throughout SW OH and N KY. These numbers hardly tell the whole story, but might be interesting/useful to someone.
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It isn't that I don't trust the Enquirer (I don't), but their methodology is flawed. Looks like just a linear trend regression that is totally oblivious to Cost Inflation, more stringent requirements for sub-prime borrowers (reducing the pool of potential home-buyers), less overall liquidity for all types of mortgages (reducing the pool of potential home-buyers), and long term recession, which will start soon, and worsen by 2011 (unless the tax cuts are renewed and entitlements for social security and medicare are reduced).