re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

quote:

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18%? That's a definite bump, if not a bubble.

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Well everybody around here used to give Yun and the NAR so much shite because their preliminary numbers always get revised so much. (My counterargument was always, "why get mad? would you rather that they just gave you no data for a month rather than giving you prelim #'s subject to later revision?")

Also summer numbers are seasonally a little bit higher than the average. But still, it does seem a little on the high side, although we won't know for sure how hot this summer's real estate prices are until better data comes in another couple of months.