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Those Who Blindly Follow Housing Prices Without Taking Other Metrics Into Consideration Are Missing the Housing Depression of the New Millennium.

By Implode-Explode Heavy Industries

"...many mainstream media outlets and investors (retail, institutional and professional included) have become to reliant on the easy to quote, easy to publish and convenient to manipulate Case Shiller home price index. While an econometric marvel, it is not perfect. As a matter of fact, the imperfections that it does have happen to materially and significantly minimize the influence of the factors which actually contribute greatly to the current housing malaise. This, in and of itself, is significant enough of a reason for interested parties to look past the Case Shiller index in to other metrics that can help give a more accurate picture of what is actually happening on the ground."

Full post as published by Mortgage Lender Implode-o-Meter on October 04, 2010 (boomark / email).