That's just a guess, but it's not far off what the National Association of Realtors do. It's funny, I always thought the housing sales were based on FACTS. After all all sales are published in newspapers that are of public record. It wouldn't be hard to ask the members in each area to submit the sales in there area to the National Association of Realtors, combine it with other sales from states and nationally and get true numbers that are very accurate.
http://money.cnn.com/2011/12/13/real_estate/home_sales_revision/index.htm?hpt=hp_c1
This apparently isn't what happens. They just guess what the sales are and based on what ever number they come up with base there projections on them. Now I know that the NAR is a worthless pieces of shit when they come up with market projections, but I wasn't aware they also just make up the sales figures too. They are trying to explain away the incorrect numbers with database errors, outdated 2000 Census data and MLS listing problems. If these are in fact true, which I doubt, there entire system is worthless. If you based your facts on actual published sales, that list full addresses, you have a completely accurate sales figures with no "double" counting. But I do not believe that is in the NAR best interest, they exist to sell houses and take there cut. If people where armed with actual facts instead of NAR bullshit, they might not buy.
Watch
Follow
Befriend
19 threads
1,536 comments
Los Angeles, CA
its a mess, trust me
double counting REFIs, quit claims deeds in public records, etc. MLS's that wont cooperate with NAR (yes there are some) plus FSBO. There is no single database but rather hundreds. rotsa ruck getting your facts from that mess.
Follow
Befriend
19 threads
647 comments
Los Angeles, CA
Where's Apocolypse?
I need some recipes for grilling realtor carcass.
Follow
Befriend
16 threads
4,426 comments
TechGromit says
Just laughable! Of course the state regional numbers are no better off. Anyone check CAR numbers as being accurate ? Doubtful!
Follow
Befriend (6)
85 threads
971 comments
44 male
Egg Harbor City, NJ
thomas.wong1986 says
I don't understand your reference, whats a "CAR" number?
Follow
Befriend (9)
70 threads
930 comments
San Leandro, CA
TechGromit says
www.car.org/
I recall mid 80s, 6 different realtor organizations in Santa Clara County alone.
Most buyers / sellers believe it and\or the "MLS" as one big entity !
APPRAISE THIS !

Follow
Befriend (28)
182 threads
4,605 comments
Premium
How about this:
Nail RealtorĀ® to cross.
Before succumbing to death, apply flame thrower at full throttle.
Serve with Keystone Light.
dodgerfanjohn says
Follow
Befriend
16 threads
4,426 comments
TechGromit says
California Association of Realtors.. im sure your state has one as well. They are the individual realtor organizations that feed data to the NAR mothership. If the NAR numbers are wrong, than so are the local REA orgs.
Follow
Befriend (17)
785 threads
7,962 comments
Boca Raton, FL
Premium
TechGromit says
How many households are in the US? quick search reveals:
2007 estimate: 111,162,259
2008 estimate: 112,362,848
2009 estimate: 113,567,967
2010 estimate: 114,825,428
http://www.census.gov/population/projections/nation/hh-fam/table1n.txt
http://www.census.gov/prod/1/pop/p25-1129.pdf
Sounds about right. So, about half the homes in the country were sold last year? Yeah, that makes perfect sense. After all the NAR wouldn't lie.
Follow
Befriend
19 threads
647 comments
Los Angeles, CA
APOCALYPSEFUCK is Tony Manero says
I ever so hope the squeal....much like when you boil lobsters live
Follow
Befriend (28)
182 threads
4,605 comments
Premium
SCREAM, FUCKER, SCREAM!
It sweetens the meat!
Follow
Befriend (9)
434 threads
4,247 comments
Baltimore, MD
We need a LOL builder for real estate/NAR stuff.
Follow
Befriend (3)
9 threads
716 comments
Los Angeles, CA
You guys are so hung up about NAR and feel so smart that you don't believe their BS - keep tapping yourself on the shoulder when its obvious anyways.
You ask a car salesman if you should buy a car, you ask a dentist if you should pull the tooth, you ask a landlord if you should rent or buy, you ask a realtor if you should rent or buy, you ask a builder if you should buy an existing home or a new home...etc...why would you listen to somebody that makes money by pushing you in a certain direction??
Realtors are not inherently bad people. It's the system that is to be blamed for realtors being shitheads. If you have a family that you are trying to feed and you make a living by getting a commission of selling houses...what would YOU do?? You would tell people...don't buy?
You always have to inform yourself and make your own personal decision about pretty much anything in life. Do you trust your doctor when he tells you that in order to get rid of the pain he needs to perform a very expensive surgery? No, you wouldn't. You would do research and figure out what maybe the best thing to do. Maybe the expensive surgery IS the way to go. Maybe not.
Whether to buy or not to buy all depends on your own individual situation. What kind of job, how much money you got/make, what kind of life-style you prefer, location etc...there is no universal wrong or right for everyone.
Follow
Befriend (13)
106 threads
3,863 comments
Dan8267 says
Dan8267 says
Maybe they meant fell behind in payments or foreclosed and just for entertainment purposes reclassified as sold instead?