Quote:
Originally Posted by TropicCat
Hang on here folks. I think any of us would take Yale University's report over that of an ex real estate appraiser.
The simple fact is that if this guy was correct, and Yale's Case-Shiller wrong, and houses were selling faster than the Yale report indicated, home prices would have stabilized. They didn't.
Guys this whole article is bogus. Made up graphs citing no source. And then ... In their own words..." Case Shiller slows its data even more by using only data reported in the public records, then time smoothing and lagging it."
Yeah, that's called a real estate closing. This is the one and only number anyone should use. Any other number is bogus.
What you're looking at is hype, and not even good hype. I can't believe any publication would publish this guy without checking his numbers. Unbelievable
Case Shiller is the definitive standard. They were the guys that blew the Whistle back in 2005 that the house of cards were about to collapse and they are the Gold Standard today.
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Uh, Lee Adler runs a trading site. doh! His point is not to discredit Case-Shiller, don't panic, he's looking for the edge in data. Anyone who trades regularly realized that
some data is fabricated and abused with phony
hedonic revisions and other data, because it uses trailing data is late. Lee is identifying the
leading indicator based on state of the art
liquidity analysis and chart price cycle analysis. I don't mean to step on your turf, just passing along what I use as state of the art analysis. Pay no attention, amigo.