Here we go again! Phony facts from the National Association of Realtors. You would think, since the reputation of every Realtor in this Country is lower than dirt, that the NAR, would stop playing politics with all the sales numbers.
Mathews Realty Group
Retirement Advisor/Invesment Services
"Building Lifestyles For Life"
Analysts Weigh in on NAR's Existing-Home Sales Report
The National Association of Realtors (NAR) reported Wednesday that sales of previously owned homes rose 3.7 percent last month, following the 9.6 drop recorded in February.
Reaction was mixed after the release of the report. Reuters called the news “a hopeful sign for recovery.” Blogger Stephen Gandel commented, “This month’s data says, once again, the recovery is not yet in sight.”
Referring to statements made by CoreLogic in February that NAR’s measure of home sales is “exaggerated,” Dales added, “What’s worse is that these figures may be overestimating the level of sales by up to 20 percent. Once revisions have been made in the summer, housing demand may look even weaker.”
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