Is there a mistake in the 4Q 2005 OFHEO?
In the 4Q 2005 Report: "Average U.S. home prices increased 12.95 percent from the fourth quarter of 2004 through the fourth quarter of 2005. Appreciation for the most recent quarter was 2.86 percent, or an annualized rate of 11.4 percent."
In the 3Q 2005 Report: "Average U.S. home prices increased 12.02 percent year over year from the third quarter of 2004 through the third quarter of 2005. This represents a two percentage point decline from the previous four-quarter appreciation rate of approximately 14
percent. Appreciation for the most recent quarter was 2.86 percent."
Also look at page 15 in both of the reports.
The price appreciation for the most recent quarter was the same exact rate (2.86) as 3Q 2005. What is the chances that it will be exactly the same considering there are two decimal digits? Perhaps it is a mistake?
Subscribe to:
Post Comments (Atom)