Disseminate
Posted on August 10, 2007 - Filed Under Business |
This website was sent to me the other day: http://dqnews.com/
I have been looking for articles which present data. And this website has plenty. Regrettably it does not cover each major section of the U.S.
In clicking on the link for Los Angeles, I was quite happy to see a break down between data regarding single family homes and condos. Most reports lump these two together. While real estate blog surfing, I stumbled upon this article which states ". . . the condo market is the first to go south and the last to recover . . ." which pretty much sums up my thoughts.
My opinion has always been that condos and houses should not be lumped together. There is a difference between owning a piece of terra firma and not. But most media outlets disagree with me.
As I learned in college, statistics can really show anything. And this is true with the data above. It lacks the granularity I require in order to talk with 100% certainty.
For instance, my zip code shows a 20% reduction in home values. When inspecting the MLS, the homes sold in my zip code are small 800 square foot single family homes (SFH) which are fixer-uppers. The higher-end homes, such as mine, are not being sold. And my duplex is actually considered a SFH per the data so my two units gets lumped in the same as the 800 square foot house.
On the flip side, my other zip code shows an increase of 50% in property values. Inspecting a bit further, these a fixer-uppers as well but the last time the properties changed hands was 10 to 15 years ago.
While I may never have the detail level of data I would like to see, it is a tool. And tools are chosen based on the individual and their belief system.
If you liked that post, then try these...
In the door on April 20th, 2005
The one software company that I like has a great broker representing them.
Stretch on January 25th, 2007
A knock at my door was followed by an interesting question:
"Clifford, my dad is going to help me buy something.
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