0
   

News Flash...Home Sales Have Been Over Reported For YEARS

 
 
Wed 21 Dec, 2011 01:07 pm
Quote:
NEW YORK (CNNMoney) -- Existing home sales during the housing bust were actually 14.3% worse than previously reported, a revision to Realtors' group numbers shows.
On Wednesday, the National Association of Realtors (NAR) revised home sale counts back to 2007 due to flaws in their original data analysis.
In 2007, there were actually just 5.04 million existing home sales, 11% less than the 5.65 million originally reported. Even worse were 2008 and 2009, when there were 16% fewer sales than originally reported. Sales in 2010 were 15% lower.
"The errors started in 2007 and continued to accumulate over time," said Lawrence Yun, NAR's chief economist.


http://money.cnn.com/2011/12/21/real_estate/home_sales_revised/index.htm?hpt=hp_t3

Such a basic number in our economy has been 15% wrong for 5 years??!! Is it any wonder why Americans would say that we no longer believe what we are told? This is yet another in a long series of black eyes for the so called experts who have managed to direct the American economy into the ditch.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 0 • Views: 2,215 • Replies: 2
Topic Closed
No top replies

 
Ragman
 
  1  
Mon 25 Mar, 2013 06:46 am
Check the date stamp on this OP. You're replying to a post from more than 2 years back.
0 Replies
 
ochomefunding
 
  0  
Thu 19 Sep, 2013 03:32 am
@hawkeye10,
True.. however, real estate is still the most happening area to invest.
0 Replies
 
 

Related Topics

T'Pring is Dead - Discussion by Brandon9000
Another Calif. shooting spree: 4 dead - Discussion by Lustig Andrei
Before you criticize the media - Discussion by Robert Gentel
Fatal Baloon Accident - Discussion by 33export
The Day Ferguson Cops Were Caught in a Bloody Lie - Discussion by bobsal u1553115
Robin Williams is dead - Discussion by Butrflynet
Amanda Knox - Discussion by JTT
 
  1. Forums
  2. » News Flash...Home Sales Have Been Over Reported For YEARS
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 1.18 seconds on 12/11/2024 at 05:20:56