Tuesday, March 1, 2011

Another example of very poor finance reporting...

Reposted on yahoo Saturday - an article about how house prices have fallen in some markets.  Can you spot the glaring, massive, unbelievably stupid math errors?

HT: Ron Elmer


In case they correct the article, I'll copy part here..

Portland, Ore.Average home sale price in 2010: $270,418
Average home sale appreciation between 2009 and 2010: -91.5 percen
Tallahassee, Fla.Average home sale price in 2010: $220,135
Average home sale appreciation between 2009 and 2010: -91.48 percent
Tucson, Ariz.Average home sale price in 2010: $147,731
Average home sale appreciation between 2009 and 2010: -88.06
Wake Forest, N.C.Average home sale price in 2010: $240,801
Average home sale appreciation between 2009 and 2010: -87.53 percent
Cathedral City, Calif.Average home sale price in 2010: $182,076
Average home sale appreciation between 2009 and 2010: -85.16 percent
Wahiawa, HawaiiAverage home sale price in 2010: $331,498
Average home sale appreciation between 2009 and 2010: -82.13 percent
Weatherford, TexasAverage home sale price in 2010: $131,586
Average home sale appreciation between 2009 and 2010: -77.83 percent
Dover, Del.Average home sale price in 2010: $168,805
Average home sale appreciation between 2009 and 2010: -66.26 percent
Sycamore, Ill.Average home sale price in 2010: $168,053
Average home sale appreciation between 2009 and 2010: -48.49 percent
St. Charles, Md.Average home sale price in 2010: $245,191
Average home sale appreciation between 2009 and 2010: -45.66 percent