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Does the Recent Rise in Home Prices Matter Much?

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  • William Matz | | 03 Aug 2012, 09:29 PM Agree 0
    Any claim about home price movement based on median prices is fallacious. The median only tells where the middle of the market is. The median house is never the same month-to-month or year-to-year; so the median cannot show price direction. Right now the reduced low-price inventory means fewer low sales, which by otself causes the median to rise.
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