NJ NAR fudges numbers

Patrick,
 
I'd be surprised if you aren't already writing about the NAR sales calculation
mistake that resulted in the reported New Jersey first quarter sales being
revised from +4% to -30%.
 
Despite what the NJAR might want anyone to believe, I believe I'm the one who
identified this issue.  While the pundits were busy spinning the positive
numbers, I was sounding the alarm.  See the evidence below:
 
http://njrereport.com/index.php/2008/06/14/vindication-nj-q1-home-sales-down-30/
 
As picked up by Barry Ritholtz at his blog, Big Picture:
 
http://bigpicture.typepad.com/comments/2008/06/nar-30-loss-4.html
 
And at Calculated Risk:
 
http://calculatedrisk.blogspot.com/2008/06/nar-corrected-nj-q1-home-sales-down-30.html
 
Please, don't hold back.
 
James Bednar
Editor of the New Jersey Real Estate Report