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Originally Posted by Mleeja
I have been waiting for this to be published. It is not full of good news. 48 days on the market average!
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The economy is hitting a tough spot for the Villages and the country. 55% of home purchases here are financed. The economy influences buying here and everywhere.
Credit card delinquency rates are at an all time high as reported by the Fed this week. Interest rates are starting to surge. Buckle up if you thought the inflation machine was tamed. Reports show there may be one, yes one rate cut in 2024.
As far as The Villages Sun and their advertisements with these numbers,
STATISTICS 101 and Measures of Central Tendency
Skewed perceptions for manipulation of an audience can occur when a presentation only focuses on one of three categories while ignoring the others in the subsets known as Mean, Median and Mode. Here averages or the “mean”seem to highlight the misleading propaganda. Many, many homes were sold at the MODE of reduced prices and huge concessions.
All is fun in rainbow sprinkled unicorn land.