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> average rent for a one-bedroom apartment in San Francisco fell 11.8% year over year in June, following a 9% year-over-year drop in May. So, assuming rent was
by FabHK 6y ago
> average rent for a one-bedroom apartment in San Francisco fell 11.8% year over year in June, following a 9% year-over-year drop in May.
So, assuming rent was approximately constant in the year up to April, it first fell 9% now in May, and then another 3% in June? Wouldn't that be a better way of putting the numbers?
- hcs 6y agoIt's calculated year-over-year by matching months because there are significant seasonal effects, so you can't easily go from YOY to figure how it changed month-to-month.
- FabHK 6y agoGood point. However, that also means that if there is a one-off drop of, say, 10%, then newspapers could report a "10% drop YOY" in 12 successive months.