patrick.net

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 They are trying to explain away the incorrect numbers with database errors, outdated 2000 Census data and MLS listing problems.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.

#housing