Posts filed under “Data Analysis”

No, 8 in 10 Manhattan Home Sales Are NOT All-Cash


Source: RealtyTrac via Rampage

 

Yesterday, we directed our ire at bad automobile data. Today, its housing’s turn.

I was running through my early morning sites one day last week in preparation for preparing my daily reads posting, when I saw this headline at the Washington Post: “8 in 10 Manhattan home sales are all-cash.”

That can’t possibly be right, can it? It struck me as way off the data I’m familiar with in New York City. Anecdotes are never a substitute for hard data, but this headline failed my sniff test.

Whenever I am stymied by a housing question, I reach out to Jonathan Miller, of Miller Samuel. He is my rabbi for all things residential real estate. He too thought the numbers were off, and came up with a reason why:

The reason the Realtytrac 80% figure jumped out at me was the fact that co-ops account for about 60% of sales and have the highest concentration of entry level and middle class demographics in Manhattan. I was very skeptical that virtually all the market-majority co-op buyers were paying all-cash, especially in the tepid economy we are stuck with.

The data Miller uses show that Manhattan all-cash home sales weren’t 80 percent of residential sales — they were continues here . . .

 

Category: Data Analysis, Real Estate, Really, really bad calls

No, Those Are Not Millions of Unsold Cars Rusting Away

This week, an e-mail landed in my inbox with the header “Unsold Cars.” Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of…Read More

Category: Consumer Spending, Data Analysis, Really, really bad calls, Web/Tech

The State of Global Income Inequality

Source: Know More From Know More: In the graph above, the area of each rectangle corresponds to the size of each country’s economy. The width of the rectangle represents the population, while the height represents the average income in that country. Which rectangle is larger, China’s or that of the United States? According to the…Read More

Category: Data Analysis, Digital Media, Wages & Income

Hysteresis in Unemployment and Jobless Recoveries

Category: Data Analysis, Employment, Think Tank

Most Lethal Actors of All Time, by # of On-Screen Kills

click for larger chart Source: Know More   Da vinner is Ah-nold by a mile . . .  

Category: Data Analysis, Film, Weekend

Do You See the Positives or Negatives?

The Standard & Poor’s 500 Index hit an all-time high yesterday, closing at 1,897.45. The Dow Jones Industrial Average also hit a record, ending at 16,715.44. This should be tempered by noting that the Dow is up less than 1 percent so far this year, while the S&P 500 has gained about 2.7 percent. One…Read More

Category: Data Analysis, Earnings, Psychology, Sentiment, Valuation

A Tangled Web of Charity

Source: Businessweek   Continues here

Category: Data Analysis, Digital Media, Taxes and Policy

About That Labor Force Participation Rate . . .

@TBPInvictus here: On April 17, 2012, North Carolina Congresswoman Virginia Foxx stood before her colleagues in the House of Representatives and said (emphasis mine): Ms. FOXX. Mr. Speaker, the March employment report continues to show us that the Federal Government has not been helping to create jobs in our economy. A Wall Street Journal editorial…Read More

Category: Current Affairs, Cycles, Data Analysis, Economy, Employment, Politics

Earnings Growth Upturn Masks Labor Market Weakness

Lakshman Achuthan is co-founder and managing director of the Economic Cycle Research Institute (ECRI), an independent organization focused on business cycle analysis and forecasting in the tradition established by ECRI’s co-founder, Geoffrey H. Moore. ECRI maintains business cycle chronologies for 20 countries around the world other than the U.S. Lakshman is the managing editor of…Read More

Category: Data Analysis, Employment, Think Tank

Why Does Everyone Hate Home Ownership ?

U.S. homeownership falls to the lowest levels in almost 20 years, blared the headlines. Lots of articles explained “Why Your Home is Not a Good Investment” and why Americans think owning a home is better for them than it is. It seems that America’s former love affair with real estate is over. Blame the recency…Read More

Category: Credit, Data Analysis, Real Estate