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Housing Market: Skateboarding Through Lies, Damn Lies, Statistics and Ancedotes

Another post title could be: Housing Anecodotes Versus Reality: Which Is More Reliable?

I don’t think there is a correct answer to that. Each has its strengths and weaknesses and there are plenty of both to go around. In fact there is so much that goes around that the relative value of each piece of information is decreasing. In the article Home Price Anecdotes vs. Statistics: Which Is the True Market Barometer [SeekingAlpha] [1]?

Anecdotal reports, builder incentives, median vs. mean, wildly divergent geographical sampling, the role of home improvements in successive sale pricing, and a myriad of other factors have made it exceedingly difficult to assess the true state of housing markets, both in the U.S. and around he world.