What’s the data worth?

A recent video commentary from a senior exec at Auction.com discusses being cautious about the news you use when evaluating the housing market.  Today, year-over-year data in Los Angeles will probably show impressive gains in prices still but month-to-month data will most likely showing slowing growth or even price declines.  In a rapidly changing market, month-to-month data will show more important trends in the market.  Also know that the  month-to-month data can be lagging a month or two.