This is why we all have so much esteem for real estate professionals.
The above is a postcard received by Burbed reader Realtard Math. Let’s hear from RM why this was shared with us:
I love this graph. The trend arrow is shooting almost straight up, but every individual year goes up about the same. What’s the index here? No idea. We don’t know what’s being measured, or where. All we know is it went up every year, including this one. But 2013 isn’t over yet!
Aw, c’mon, RM, you missed how the arrows all have little chimneys on them, and 2009 and 2013 are right-handed varieties. And it also asks us “Did You Know” although it doesn’t inform us what we were supposed to find out. So we’re still ignorant of many things about Housing Market Trends other than that “Buyers are clamoring to purchase a home in your area.” Since RM didn’t tell us which area, for all we know it could be Alviso.
The local market called bottom sometime around the end of 2011 or beginning of 2012, though. Perhaps this is a graph of agent enthusiasm, because it sure isn’t a graph of agent results.
Long Weekend Open Thread. open now! Share your favorite examples of agent math skillz.