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This is hardly a surge though. Only 3 to 6 percent increase year over year.
by mewpmewp2 2y ago
This is hardly a surge though. Only 3 to 6 percent increase year over year.
- bobthepanda 2y ago6.5 YoY in the US would be double YoY inflation.
- mewpmewp2 2y agoThat is still less than average in the past 30 years, no?
- tomrod 2y agoThe statistic in your area you are seeking is the Case Schiller Index.
- bobthepanda 2y agoThat it is less bad doesn’t make it good considering 30 years of this has led to the current housing crisis.
- mewpmewp2 2y agoI'm not evaluating bad or good, it just doesn't seem like a "surge" or "soaring" if it's below average historically.
- bobthepanda 2y agoIt is a surge compared to last year’s activity with flat or declining prices in markets. The layperson is generally not using a thirty year rolling average as a baseline, and the headline makes no attempt to say it is a historic anomaly.
- danparsonson 2y agoA six percent annual increase will double prices in twelve years.