I just went into MLS and looked at some average sold prices for all residential home types for El Dorado County for about the last seventeen months or so, starting from the beginning of 2005.

What’s THIS market doing? Looks to me like it’s varying day to day. Isn’t it supposed to be either bubbling or not bubbling?

Apparently the data doesn’t know what’s expected of it.

Lousy empirical data — doesn’t it know that soapboxes are tottering, and people might break their legs?

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