House Prices Still Undervalued

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2013 May 17, 4:25am 906 views 3 comments

Can any of you explain this comment in the article:

indigenous 2013 May 17, 4:27am

The correlation between metro-level price over- or-undervaluation in 2006 Q1 and the subsequent metro-level peak-to-trough price decline was -0.83.

Ceffer 2013 May 17, 5:10am

That's our real estate lobbyists, putting on the happy bozo face to keep the lemmings running toward the cliff.

There is no reason why our local real estate shouldn't double in price by this time next year. (Apologies to AF)

indigenous 2013 May 17, 5:36am

Can any one splain me what this means?

The correlation between metro-level price over- or-undervaluation in 2006 Q1 and the subsequent metro-level peak-to-trough price decline was -0.83.

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