Don't Be Misled, Get Properly Informed!

Recently I saw some statistics from another source that stated that the Real Estate market was down a small amount from last month, and down further from this time last year. Wow!...who cares? What if last month, or last year, were the best or the worst in history? When analyzing statistical evidence it is critical that you have goal posts to provide appropriate context. I would suggest a period of at least 25 years. In that case you will then be able to identify the highs and the lows of the cycles, as well as calculating the average. Now you can more appropriately conclude where the present time fits into the picture. This will help to temper down the "narrative" that self serving groups or indivduals may be portraying consciously or otherwise. "There is no Substitute for Experience!"