This is my new favorite quote from John Oliver. We are so bombarded with facts and information but few people look behind the facts and buzz words for the true picture. Weather you are talking about Sarah Palin "Death Squads" or December Real Estate Statistics there are the facts and there is the truth behind the buzz words and facts.
Headlines: Real Estate Sales were up 27% in December. The fact is true however the 27% increase was a comparison with Dec. 2008 figures which was a period when everyone thought the entire economy was going into the toilet and sales were at all time lows. Maybe all time lows is an overstatement. As a matter of fact I just made that part up, but doesn't it look authoritative in print.
Also the medium price per sale fell from $178,500 in Dec. of 2008 to $166,000 in 2009 in Sumner County. So the truth behind the fact is yes we sold more homes last month than a year ago but they were for less expensive properties. Thank God for the first time buyers Tax Credit (but remember statistics are not proof only associations.) So taking a philosophical approach instead of a scientific approach, Real Estate business must be getting better because I can't imagine it getting any worse.
Next week I will do a few comparisons from the heady years of 2005, 06, and 07. Until then seek the truth.
Headlines: Real Estate Sales were up 27% in December. The fact is true however the 27% increase was a comparison with Dec. 2008 figures which was a period when everyone thought the entire economy was going into the toilet and sales were at all time lows. Maybe all time lows is an overstatement. As a matter of fact I just made that part up, but doesn't it look authoritative in print.
Also the medium price per sale fell from $178,500 in Dec. of 2008 to $166,000 in 2009 in Sumner County. So the truth behind the fact is yes we sold more homes last month than a year ago but they were for less expensive properties. Thank God for the first time buyers Tax Credit (but remember statistics are not proof only associations.) So taking a philosophical approach instead of a scientific approach, Real Estate business must be getting better because I can't imagine it getting any worse.
Next week I will do a few comparisons from the heady years of 2005, 06, and 07. Until then seek the truth.
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