am, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either diBuy 10,000 shares of Microsoft for $30.25 per share, and it's reflected instantly on trading boards around the world. Enter into a contract to buy an existing home for the same $302,500 and the result is not made public until the deal closes, weeks or months after the contract is signed. Imagine investing that much money in a stock knowing only what it was selling for two months ago.

In Economics, The efficient market hypothesis says that the price of a financial asset reflects all the known information. But what if the information is dated? In the housing sector, critical information is delayed by the time span between the selling agreement (bilateral contract) and the closing date. In Florida, regulations and statutes prohibit disseminating the actual selling price earlier. If you're not plugged into the Multiple Listing Service (MLS) data, as I am, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either dir

until the deal closes, weeks or months after the contract is signed. Imagine investing that much money in a stock knowing only what it was selling for two months ago.

In Economics, The efficient market hypothesis says that the price of a financial asset reflects all the known information. But what if the information is dated? In the housing sector, critical information is delayed by the time span between the selling agreement (bilateral contract) and the closing date. In Florida, regulations and statutes prohibit disseminating the actual selling price earlier. If you're not plugged into the Multiple Listing Service (MLS) data, as I am, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either di

hesis says that the price of a financial asset reflects all the known information. But what if the information is dated? In the housing sector, critical information is delayed by the time span between the selling agreement (bilateral contract) and the closing date. In Florida, regulations and statutes prohibit disseminating the actual selling price earlier. If you're not plugged into the Multiple Listing Service (MLS) data, as I am, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either di agreement (bilateral contract) and the closing date. In Florida, regulations and statutes prohibit disseminating the actual selling price earlier. If you're not plugged into the Multiple Listing Service (MLS) data, as I am, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either diam, you might have to wait yet a few more weeks until the sale is reflected on the property appraiser's website. Sellers set their asking price based on comparable sales in the area. In a fast moving market, in either direction, this information is dated. It's hard to set a selling price when you don't really know what a comparable home is selling for today. And buyers are as much in the dark as sellers.

The stock market is liquid. The housing market is not. Try asking your real estate agent to sell your house at the "market price" when the housing market opens tomorrow morning. First, you must do the listing agreement dance to select an agent, then set the asking price, followed by days, weeks, or months of showings with, perhaps, a price change or two thrown in. Next come the negotiation and contract followed by the weeks of uncertainty over the appraisal, mortgage commitment, inspection, and repairs. Finally, months after your decision to sell a home, proceeds of the sale are disbursed. Compare this to a few days delay in an equity trade.

While the housing