When market micro-analyses are useful -- and when they miss the mark

  • The public doesn’t care about the market aggregate -- civilians and Realtors care about particular houses.
  • Weiss Analytics is on a more useful track by trying to localize data; however, it's not particularly useful when predicting the fate of any individual home.

Weiss Analytics is creating lots of buzz around the value of micro-market analysis. It does have a place in the industry — and in reviewing the most recent Weiss Analytics report on home prices, I don’t mean to be impolite. Lots of hard-working people in the private sector and government grapple with home prices, trying to provide accurate and entertaining pictures of what’s taking place.