About The NAR ( National Association of Realtors) Has been fudging the data on the sales of esisting homes for at least the last four years. Just in case you didn’t make the connection, that’s at least since the Obama Immaculation.
The NAR is now revising their numbers downward, and by as much as 20%. Apparently the numbers didn’t match those of Corelogic. And now the NAR doesn’t want to be seen as untrustworthy, so, now they are revising their numbers downward. NAR numbers used to relied on as reliable and now they might be running scared.
The concern is that an over-count might mean that a much larger backlog of unsold homes still looms over the US economy. That could mean that another drop of as much as 20 % could loom over the US housing market.
But the NAR says they are working on a new method to re-evaluate the market.
I’m surely ready tojump in and trust them again. Aren’t you?
Read more: http://www.reuters.com/article/2011/02/22/us-usa-economy-housing-idUSTRE71L10U20110222