tag:blogger.com,1999:blog-31427364.post3220959490132919328..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Case Shiller House Price Index - October 2008 Datamohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-31427364.post-2354229676523613322009-01-05T13:38:00.000-08:002009-01-05T13:38:00.000-08:00Vancouver's symbol should be a black diamond. Tha...Vancouver's symbol should be a black diamond. That slope is not for the faint of heart.Ryanhttps://www.blogger.com/profile/10104704096049638272noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-8401435661534709392009-01-03T01:54:00.000-08:002009-01-03T01:54:00.000-08:00How does your graph jive with this graph: Vancouve...<I>How does your graph jive with this graph: Vancouver UP</I><BR/><BR/>Average price is very unrepresentative in the short run, especially with the low sales volumes we have now. A few sales at the top end can push up the average even if prices of all properties are falling.<BR/><BR/>This has been shown very clearly in US markets where the average has often been greatly out of whack with the Case-Shiller index which is based on same house sales. The average will however track the market over the long run.<BR/><BR/>The REBGV benchmark is not as reliable as the Case-Shiller but I'll bet you anything it's down for December.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-6639495083009573922009-01-02T23:25:00.000-08:002009-01-02T23:25:00.000-08:00I corrected the graph to include San Diego. I mis...I corrected the graph to include San Diego. I missed it when I put it together. Thanks for pointing that out patriotz. I will be adding the December 2008 Vancouver data as soon as it comes out.<BR/><BR/>I may add other Canadian cities at some point. I will likely use the Teranet House Price Index as most real estate boards do not use a benchmark pricing scheme to adjust for quality.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-9774070466623632862009-01-02T22:54:00.000-08:002009-01-02T22:54:00.000-08:00How does your graph jive with this graph: Vancouve...How does your graph jive with this graph: <A HREF="http://www.yattermatters.com/real-estate/vancouver-residential-average-price-up/" REL="nofollow">Vancouver UP</A>Ray Barretthttps://www.blogger.com/profile/00306852572338425406noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-11582923762008249542009-01-02T21:44:00.000-08:002009-01-02T21:44:00.000-08:00Great graph, just a couple of questions:Where's Sa...Great graph, just a couple of questions:<BR/><BR/>Where's San Diego? Very relevant as it's on the West Coast, it's also the first US market to start falling (late 2005),<BR/><BR/>You have a 17% decline for Vancouver to date, where does that number come from? I haven't seen the Dec 2008 benchmark anywhere.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-33900487674080115462009-01-02T19:04:00.000-08:002009-01-02T19:04:00.000-08:00Great graph. Thanks for doing this. Would it be po...Great graph. Thanks for doing this. Would it be possible to add data from Toronto, Calgary etc.Unknownhttps://www.blogger.com/profile/01157699906167314642noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-22625344884951635932009-01-02T16:47:00.000-08:002009-01-02T16:47:00.000-08:00Vancouver's market tends to be cyclical in prices ...Vancouver's market tends to be cyclical in prices so I would expect to see a relaxation of the slope in the spring, even with higher inventory. The soap opera continues.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-78792229029250568012009-01-02T16:39:00.000-08:002009-01-02T16:39:00.000-08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31427364.post-71080712940563358332009-01-02T14:41:00.000-08:002009-01-02T14:41:00.000-08:00Great work Mo.We're not only crashing faster than ...Great work Mo.<BR/><BR/>We're not only crashing faster than any other North American city, but we're doing it at twice the rate of the nearest rival.<BR/>Not all that surprising when you consider the insane price level we raeched long after all fundamentals screemed for a correction.<BR/><BR/>We've still got a long way to go.macho slobhttps://www.blogger.com/profile/15640891497806482996noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-53307349060883922302009-01-02T14:00:00.000-08:002009-01-02T14:00:00.000-08:00This comment has been removed by a blog administrator.Williehttps://www.blogger.com/profile/06911872657349345259noreply@blogger.com