tag:blogger.com,1999:blog-1864815735750729117.post2001130492915304597..comments2023-10-31T06:28:56.237-07:00Comments on The Housing Chronicles Blog: Trying to price your home? Don't trust the various index readings.Patrick Duffyhttp://www.blogger.com/profile/01418865588511944900noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1864815735750729117.post-19053975345813103412008-11-30T17:47:00.000-08:002008-11-30T17:47:00.000-08:00We do live in a granular world. As a Realtor maki...We do live in a granular world. As a Realtor making a good living off the residential market, I know that. 2 of my children are appraisers, 2 of my siblings are lenders, my Dad was a Director of FHA. Everyone working the streets in our industry knows how exceedingly granular. Local employer base is becoming more important as jobless rates rise and surrounding communities fall victim to rising foreclosures.<BR/>I watched the tract builders sell tomorrow's slum homes as fast as they could put them up (It doesn't take long to put together a home with staples.) to marginally qualified first home buyers; I <BR/>drove by those same homes a year/2 years later boarded up, winterized,<BR/>foreclosed because the taxes were assessed. My objections then were a small voice lost in a rush of lemmings. We must make sure lessons are learned. ("Charlie Wilson's War") Make sure the tax money goes to the RIGHT places to fix the dam break. (Banks took bail out money to acquire other banks - is that in the tax payers' highest interest? That should be a requirement.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-72168477745838597452008-11-24T11:33:00.000-08:002008-11-24T11:33:00.000-08:00You make a great point, Integrated Asset Services&...You make a great point, Integrated Asset Services' IAS360 House Price Index provides the best data because it's reading the housing market from the front lines. Granularity is key to a accurate house price index. I don't know why Case-Shiller is considered to be the best, I guess it helps to have S&P associated with it...Anonymousnoreply@blogger.com