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If I'm understanding you correctly, you're claiming that the houses that changed hands are not a representative sample of the total housing stock. I don't immed
by roel_v 10y ago
If I'm understanding you correctly, you're claiming that the houses that changed hands are not a representative sample of the total housing stock. I don't immediately see any reason why that would be so.
- honkhonkpants 10y agoI'm just commenting that price discovery in illiquid markets is hard.
- roel_v 10y agoRight, I guess I'm saying that there is no indication the market is particularly illiquid.
- honkhonkpants 10y agoSales rate was lower in Q2 than in any comparable quarter since 2008, and the second-lowest in the last 16 years. http://www.trulia.com/real_estate/San_Jose-California/market-trends/ http://www.trulia.com/real_estate/San_Jose-California/market...