Wednesday, Thursday, Friday, so its that time of the week to provide my Three Cents Worth as a post on Curbed. This week I ponder how first time buyers adjust to financing their first home. Answer: Who knows.
To view Three Cents Worth: Entering Markets Without ARMS
Check out previous Three Cents Worth posts.
Tags: Three Cents Worth, 3CW
I’m getting to this a bit late, but wondered if there’s a typo on the chart. Your header says number of sales, and it makes sense that the number of sales would have fluctuated in a fairly low range since 97. But the labels within the chart say it’s tracking change in prices? If that is the case, those year on year changes would be out of whack, I’d think– surely the price changes would be much more in the positive. I’d rather see a chart that did actually show the change in prices, not number of sales.
You are absolutely right! Number of sales are the correct label – sorry about that.