NAR Addresses Errors in Home Sale Statistics

The apparent extent of NAR's reporting errors is significant. Existing home sale numbers were revised for the past four years. The yearly discrepancies ranged from 11% - 16%. The four-year average of 5,157,000 existing homes sold was revised downward to 4,420,000 -- a 14% change. "How," one might wonder, "can this be? It's just counting isn't it?"

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