NAR revises existing home sales numbers

Today the National Association of Realtors revised the number of existing homes sold from 2007 to 2010. The data was corrected downwardly by 14% to correct for some sampling and data reporting errors. This leads to a weaker housing market during this time period, although the revisions did not impact home prices.

From here on, the data will be bench marked on an annual basis.

Posted on December 21, 2011 at 5:08 PM
Dan Westbrook | Category: Uncategorized

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