Realtors: We Overcounted Home Sales for Five Years

Of course. The NAR is a trade group interested in generating future omissions. No shock revelation here.

Of course the nazis hated the Jews. The #s killed have absofkinglutely zero shock value says Riversider.

Flmaozzzz.

uh oh...do you hear the sound of a cream cheese choke?

another take--

http://www.nypost.com/p/news/business/even_home_sales_data_is_bogus_realtors_c7rYisUtwRRVxKNQiqyDgJ

"For one thing, the Realtors seasonally adjust figures to such a degree they become disconnected from reality. Adjustments for the seasons are only valid if there is a regular yearly pattern in the economy — something that has been missing during this recession.
But most important — and this I mentioned in a column one year ago this week — the Realtors categorize contracts to buy a house as “sales.”
Everyone knows that contracts fall through, especially in this horrible economic environment. So just because someone signs on the dotted line to purchase a home doesn’t mean the sale will actually close.
The NAR, of course, would like home sales to look as brisk as possible. The group would like fence-sitting potential buyers to see its numbers and say, “heck, we better move fast before all the homes are gone.”

excerpt from The Post

From the Post
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Jeez! Tell the truth — you were trying to make the numbers look better.

So, what’s wrong with that?

Well, a lot of things.

Read more: http://www.nypost.com/p/news/business/even_home_sales_data_is_bogus_realtors_c7rYisUtwRRVxKNQiqyDgJ#ixzz1gvsOFbNt

So this thread has someone equating the Nazis with the National Association of Realtors
and someone else talking about a cream cheese choke, whatever that is.

someone jumped over the shark big time.

Jumped the shark?

That's not a good use of the phrase at all.

67fuckface, when will we see 500 p sq ft pricing.on cpw? just curious.

The problem with NAR is, aside from systematically misreporting, exaggerating trends to benefit its industry members, is that its statistics and pronouncements have been influential and regarded by too many (especially policy makers) as credible. I hope this seriously tarnishes NAR's credibility with the public and with policy makers -- there is nothing like the unadulterated truth to guide us, especially in bad times. This admission of NAR is no small thing -- it should be held accountable for deliberately misleading the public. And it is still doing so. Listen to its chief economist try to rationalize this lie: "...so, as we approach the end of 2011, I am fairly hopeful that our housing recovery is on the right track. Jobs are coming back, people are buying homes, home prices are stabilizing. All in all, not a bad way to end the old year, and start the new."http://www.realtor.org/research/reinsights/economistcommentary