Tim Vetscher at ABC15.com “reports” this today:
According to Fiserv, a financial information and analysis firm, home prices in Phoenix are expected to lose another 23.4 percent by June of next year.
Really? A “financial information and analysis firm” can predict to the tenth of a percentage point where home prices will be in eight months?
How utterly ridiculous.
No one on the planet can make such a prediction.
Is Fiserv right?
Maybe. Maybe not. Unfortunately, Mr. Vetscher provides zero information on how Fiserv reached this conclusion. The link provided leads simply to their home page, where there is absolutely no reference to be found for this “analysis”.
Personally, I’ve never heard of Fiserv. Granted, that doesn’t mean much, so I thought I’d look them up. According to their own About page this is what they are:
One focus: It’s all about innovation
We are leaders in our industry, advocating for our clients, looking for innovative ideas to change the way you bank. We are focused on the financial industry, transforming how banks, credit unions and thrifts serve their tech savvy customers.
We are looking to the future, focusing all the resources of Fiserv around the needs of our clients. This is the new Fiserv, one brand, one company, one focus.
Hat tip to Dan Mitchell.