We’ve been delinquent in finishing an article about the problems of relying on ‘Median Prices’ to gauge the health of the market. And now that Dr. Irwin Kellner tackles the question, “If the housing market is weakening, why are home prices still rising?”, we’re just going to refer you to his commentary. And tease you with his second sentence:
“To answer this question, let us return to those thrilling days of yesteryear, when we first learned math. It was then we discovered that figures may not lie, but liars do figure.”
And no, we have no idea what kind of Doctor.
∙ Commentary: Don’t Judge Housing Market By the Numbers [RealEstateTimes]