June Fletcher, a staff reported at the Wall Street Journal, tackles the question, ‘Why is it so hard to get good data on housing-market prices?’ and offers up some great advice. Our favorite paragraph:
No statistic, no Web site and no Realtor can compare with your personal sleuthing, because there are so many intangibles that don’t show up in the data. And ultimately, only one buyer and one seller can determine what any house is worth.
Okay, so sometimes it’s ten buyers and one seller, but that’s quickly becoming the exception rather than the rule.
∙ Navigating the Web to Find Reliable Housing-Market Data [RealEstateJournal]