Comments for McCombs Blogs http://mccombsblogs.wordpress.com Business School Blog News and Resources Sun, 28 Dec 2008 18:54:31 +0000 http://wordpress.com/ hourly 1 Comment on Michael Brandl’s Macro Updates by Bert Livingston http://mccombsblogs.wordpress.com/2008/04/28/michael-brandls-macro-updates/#comment-16 Bert Livingston Sun, 28 Dec 2008 18:54:31 +0000 http://mccombsblogs.wordpress.com/?p=7#comment-16 Since the official definition has now been "called" as you correctly mentioned...well after the beginning of a recession...what can be done to get the overall financial and broad based "media" to stop with the panic and fear portion of their reporting...such as "the worst data since the The Great Depression" ??? Also, since 45% of existing home sales in November were foreclosures and short sales that are not arms length transactions, how can the median sales price of those homes be accurately be compared to previous years where the "pool" of sold homes were for the most part actual willing buyer and willing seller transactions. It seems that statistics that are skewed by this change in the "pool" of sales that have closed should have a footnote when the overall drop in "median home value" is shouted to be -13% year over year, same month previous. We know home prices have a downward trend but from other more targeted media that I have studied the drop in arms length sales is around -4% to -6% from one year ago and about 11% to 14% from the 2006 peak/bubble. The recalculation of values is now moving back to Location, Location, Location and I see no reason to panic the country by shouting that all of our residential real estate has declined at these undefined rates. Comment? BERT Since the official definition has now been “called” as you correctly mentioned…well after the beginning of a recession…what can be done to get the overall financial and broad based “media” to stop with the panic and fear portion of their reporting…such as “the worst data since the The Great Depression” ???

Also, since 45% of existing home sales in November were foreclosures and short sales that are not arms length transactions, how can the median sales price of those homes be accurately be compared to previous years where the “pool” of sold homes were for the most part actual willing buyer and willing seller transactions.

It seems that statistics that are skewed by this change in the “pool” of sales that have closed should have a footnote when the overall drop in “median home value” is shouted to be -13% year over year, same month previous.

We know home prices have a downward trend but from other more targeted media that I have studied the drop in arms length sales is around -4% to -6% from one year ago and about 11% to 14% from the 2006 peak/bubble.

The recalculation of values is now moving back to Location, Location, Location and I see no reason to panic the country by shouting that all of our residential real estate has declined at these undefined rates.

Comment?

BERT

]]> Comment on Blog Strategy by ariel ~ http://mccombsblogs.wordpress.com/2008/06/17/blog-strategy/#comment-10 ariel ~ Tue, 17 Jun 2008 20:35:30 +0000 http://mccombsblogs.wordpress.com/?p=31#comment-10 Great job on the workshop Jason! Great job on the workshop Jason!

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