mike article one--data source abs, apm http://propertycollectives.com.au/2011/05/the-positive-relationship-between-auction-clearance-rates-house-prices/ article 2 data reiv,maquarie capitol advisorshttp://www.prres.net/papers/Hurst_Residential_auction_clearance_rates%E2%80%93what_do_they_really_mean.pdf 2 different sources discussing the correlation between clearance rates and house prices---the second which i have provided a link to before discusses the shortcomings of the data collection.in the end it is a sampling technique
however despite those shortcomings the data sill provides a clear correlation and cannot be ignored further it has proven to be accurate over a significant period of time and has been accurate in both bullish and bearish markets and as clearly indicated in article one is a leading indicator. i see you dont mind throwing a litle abuse around---suggests to me you feel a little embarrassed with your own lack of formal qualifications--in laymens terms a chip on your shoulder do yourself a favour--your only 45 go and study math and or stats at uni and see if its possible to complete 4 or 5 years of maths/stats and be incompetant.
