Your lips to HIS ears. Actually in some parts of SW FL there is an artificial rise in rents due to all the forclosures. Banks do not like the rental business. This last winter should be good for our RE market, many people I know up there have had it, between the lousy winter and ridiculous taxes they have reached the tipping point.
The inspectors we survey don’t have to be honest for the index to be accurate. We simply can’t have many of them exaggerating one way one month, then all the opposite way the next month.
It isn’t the number of inspections we are looking for, but rather the change in the number of inspections. And for that, exaggeration doesn’t affect our index, as it is a constant factor.
What is your sample size and what are the demographics?
We were doing major parts of the U.S. but we’re going to increase it to produce an index for each state and perhaps major cities by incorporating our FetchReport raw data.
KC foreclosures up 30%. National figures show 27% decrease. Who is telling the truth?