December 4, 2012

House prices yet again

In another story bemoaning the affordability of housing outside Auckland, the Herald also tells us

The median sale price of a home in central Auckland is now $690,000 – slightly up on the previous quarter and 12.5 per cent on the 2007 boom.

That’s still down on the 2007 boom in real terms.  The story was followed the very next day by

Auckland real estate asking prices fell 2 per cent last month

The signal to noise ratio in real-estate industry press releases is not all that high.

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Thomas Lumley (@tslumley) is Professor of Biostatistics at the University of Auckland. His research interests include semiparametric models, survey sampling, statistical computing, foundations of statistics, and whatever methodological problems his medical collaborators come up with. He also blogs at Biased and Inefficient See all posts by Thomas Lumley »