3 ms·
The Redfin YoY price change he quotes is a median price change. He then extrapolates a median price change on the entire market to calculate the “$260B” change
by snake_doc 3y ago
The Redfin YoY price change he quotes is a median price change.
He then extrapolates a median price change on the entire market to calculate the “$260B” change in asset valuations. That is dubious at best for a monthly volume of ~500 sales…