California Housing Prices: 3 Different Measures Showing Different Prices. Calibrating Housing Prices for California.
Trying to figure out the aggregate housing price decline of a state as large as California is no easy task. For a state with over 36,000,000 people getting a simple statistic on housing is challenging and requires the ability to look at multiple sources of data. During the height of the housing bubble median price reports for the same location would sometimes be off by as wide as $100,000. How can that be? Some sources look at repeat sales while others combine new homes and re-sales in their data.
The major point is now that housing prices are correcting, the major sources of housing price data for California are starting, albeit slowly to come together and are showing a more standard price point.
We are going to look at three major sources of housing price data for California. The three sources we are going to look at […]
Original post by drhousingbubble
