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Virginia’s housing market ends the year with continued rebound, double digit growth

Virginia Association of REALTORS®
Contact: Martin Johnson, Chief of Policy & Advocacy
Email: Martin@varealtor.com
Telephone: (804) 514-9830

Virginia’s housing market ends the year with continued rebound, double digit growth
2015 Virginia residential real estate sales approach 35 billion dollars
Twelve consecutive months of outperformance for previous year’s benchmarks

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Truth in numbers

I hate hearing about a quarterback’s passer rating. Hearing that Joe Schlabotnik’s is 96.3 means absolutely nothing to me because there’s no context for it.

Contrast baseball’s “batting average” which makes sense: It goes from zero to 1.000. Meanwhile, a perfect NFL passer rating is 158.3 (in college it’s 1261.6). Huh?

Sure, there’s a detailed formula for calculating it — five of them, actually — and I’m sure the math is solid, but the final result doesn’t have a connection to reality. There’s no context. At least in baseball you can say that a guy who bats .500 gets a hit 50 percent of the time — twice as often as a guy who bats only .250.

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