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Reporting Us Statistics Accurately

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Every few days we get some US statistics, and journalists who don't understand US reporting language get it mixed up, and then people here take them seriously and get overexcited.

So "The average sale price of a new home in January 2008 fell 15.1%" means it was 15.1% lower than January 2007. Not 15.1% lower than December 2007.

Similarly "The average price of a US home was down 8.8% in the fourth quarter" means it was 8.8% lower in Q4 2007 than in Q4 2006, not 8.8% lower than in Q3 2007.

But can we at least be accurate here, otherwise we just look sloppy.

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  • 296 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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