Comments on: The Problem With Statistics http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/ Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Mon, 08 Sep 2008 18:37:57 +0000 http://wordpress.org/?v=2.6 By: David http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-38572 David Sun, 26 Aug 2007 04:45:51 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-38572 Thanks for the correction. Too many false stats floating around out there. Not to mention the variables that make up a stat in the first place. Than, shake it all up and have the pundits interpret them. What do you end up with? A whole lot of nothing! Thanks for the correction. Too many false stats floating around out there. Not to mention the variables that make up a stat in the first place. Than, shake it all up and have the pundits interpret them. What do you end up with? A whole lot of nothing!

]]> By: Laurie Manny http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-34350 Laurie Manny Sun, 24 Jun 2007 05:36:18 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-34350 LOL! @ John Lockwood - Good One! Having been the victim of multiple MLS's I can tell you firsthand that it is not good. Fractured is a great word to use to describe it. Recently many of the local area MLS's here merged and made all data available to most of Southern California making our searches possible, not easier possible, which they weren't before because sold information was not available outside of your MLS. How the heck are you supposed to do your job without that? Personally, I think that all MLS's should be statewide, we are licensed statewide and capable doing business statewide, we should have statewide access. That's my 2 cents. LOL! @ John Lockwood - Good One!

Having been the victim of multiple MLS’s I can tell you firsthand that it is not good. Fractured is a great word to use to describe it.

Recently many of the local area MLS’s here merged and made all data available to most of Southern California making our searches possible, not easier possible, which they weren’t before because sold information was not available outside of your MLS. How the heck are you supposed to do your job without that?

Personally, I think that all MLS’s should be statewide, we are licensed statewide and capable doing business statewide, we should have statewide access.

That’s my 2 cents.

]]> By: John Lockwood http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-34332 John Lockwood Thu, 21 Jun 2007 09:05:46 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-34332 This recently appeared on Google, courtesy of http://www.happy-gods.com/jokes/funnyjoke3407.html Three statisticians decide to go out hunting with their bows and arrows. They're sitting behind a large rock in the woods when a large duck flies by. The first statistician takes a shot from behind the rock and he undershoots the duck by 5 ft. The second statistician takes a shot at the duck, but overshoots the duck by 5 ft. At that, the third statistician jumps up and screams, "You got him!!" This recently appeared on Google, courtesy of http://www.happy-gods.com/jokes/funnyjoke3407.html

Three statisticians decide to go out hunting with their bows and arrows. They’re sitting behind a large rock in the woods when a large duck flies by. The first statistician takes a shot from behind the rock and he undershoots the duck by 5 ft. The second statistician takes a shot at the duck, but overshoots the duck by 5 ft. At that, the third statistician jumps up and screams, “You got him!!”

]]> By: Ines http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33716 Ines Wed, 13 Jun 2007 05:04:44 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33716 I hate to hear public figures giving false information....good for you for correcting the stats....that's a huge difference! I hate to hear public figures giving false information….good for you for correcting the stats….that’s a huge difference!

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33703 Maureen Francis Wed, 13 Jun 2007 00:33:56 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33703 There was a data ownership war going on here between the two MLS's, one broker owned and the other associations owned. The brokers wanted more control over the data. They lost the battle, but they fed the two MLS's for years, resulting in fractured market info and a higher cost to the agents, who are the ones who pay for MLS's to exist. I would assume that less than 1% of the homes in our market would only be in MiRealSource, it that much. Agents are able to pay to have one listing in the MLS that they do not belong to. Not listing a Birmingham home in Realcomp and only in MiRealSource would border on malpractice, in my opinion. There was a data ownership war going on here between the two MLS’s, one broker owned and the other associations owned. The brokers wanted more control over the data. They lost the battle, but they fed the two MLS’s for years, resulting in fractured market info and a higher cost to the agents, who are the ones who pay for MLS’s to exist.

I would assume that less than 1% of the homes in our market would only be in MiRealSource, it that much. Agents are able to pay to have one listing in the MLS that they do not belong to. Not listing a Birmingham home in Realcomp and only in MiRealSource would border on malpractice, in my opinion.

]]> By: Jay Thompson http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33695 Jay Thompson Tue, 12 Jun 2007 22:54:19 +0000 http://mioaklandcounty.com/blog/2007/06/12/the-problem-with-statistics/#comment-33695 Two MLS's servicing one area. Interesting. Our MLS stinks, sometimes I wonder if some competition might be good. But I can see from your post that having two certainly presents a problem... So if Realcomp is the MLS of choice, and it should be the source of info, what happens if a home is listed in MiRealSource but NOT in RealComp? Or does that even happen? If this does occur, seems the only way to get complete accuracy would be to merge the two MLS's data and strip out the duplicates -- which sounds like a horrific nightmare, at best. Statistics, the mainstream media and politicians. That's quite the combination! Two MLS’s servicing one area. Interesting. Our MLS stinks, sometimes I wonder if some competition might be good. But I can see from your post that having two certainly presents a problem…

So if Realcomp is the MLS of choice, and it should be the source of info, what happens if a home is listed in MiRealSource but NOT in RealComp? Or does that even happen? If this does occur, seems the only way to get complete accuracy would be to merge the two MLS’s data and strip out the duplicates — which sounds like a horrific nightmare, at best.

Statistics, the mainstream media and politicians. That’s quite the combination!

]]>