Actually, our statistical prowess is not newfound, nor has it been in a vacuum, as a search of the net will show we have been publishing statistics for a long time.
We are just happy that people started to notice that the numbers others are using are redundant.
Thank you for finding us.
Tim McGee
the actual CEO of foreclosures.com
Alexis is President 
Thanks for reading our press releases. But to set the record straight:
1) We were responding to growing criticism of our competitors foreclosure reporting problems. We have not had any such complaints of our reporting.
2) Yes, Per-Capita foreclosure filings are the only way to effectively measure the housing markets.
3) You missed a very big point: When you add up all the foreclosure filings (which ForeclosureS.com does NOT do), you get a number that is 3 times bigger than reality (there are up to 3 foreclosure notices per household).
4) Sensationalizing the data is never okay. You can read more about it here:
http://www.foreclosures.com/www/...gDate=6/20/
2007
Tim, Alexis -
Since I only started writing this blog in late December, I'm always stunned at visits this blog gets -- thanks for reading.
As someone who studied for a PhD in econometrics, you can surmise that I'm very cynical of the data analysis I see coming from most foreclosure information providers (not to mention what I see from the NAR and MBA, as well).
I think moving to YOY comparisons and introducing a per capita analysis, as I've seen you start reporting in your press releases, is a very good start. But I've always wondered why more isn't done -- i.e., moving averages, weighted moving averages, weighting by population, and much more.
In terms of sensationalism, I think it's as sensational right now to say that the housing crisis is "overblown" as it is to report that foreclosures are hitting new records -- doubly so when that "overblown" opinion is likely based on what appears to be flawed analysis from the MBA.
Saying "foreclosures would be lower if we didn't account for the seven top states" suggests that a trimmed mean was calculated only by slicing off the top seven states -- a correct trimmed mean would require also slicing off the bottom seven states and then using that mean for comparison.
That doesn't appear to have been done in this case, as best I can tell -- which means the MBA comes out with a methodologically-flawed conclusion that is in turn recycled by media and businesses like yours in their own work as fact.
In terms of the issue of data duration, Alexis, I agree with you completely, and did tackle this issue in another post (http://www.housingwire.com/2007/05/29/who-gets-
the-foreclosure-count-right/).
Thanks again for reading, and for commenting. I'll be sure to get the President/CEO distinction correct in the future.
Cheers,
PJ
This website gives the criticism and the problems of foreclosure opponents. These website is useful for measuring the markets that is in increase or down.
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linasandy
Foreclosure Listings
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