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housing data: Is NAR data artificially inflated? That's the claim... - 03/25/11 11:08 AM



NAR conceded that there may be an "upward drift" in their figures since the housing market collapsed a few years ago.  Some economists believe the datat could be inflated by as much as 20%.  But, Walter Malony, an NAR spokesman says the data is still accurate and that "In terms of broad market characterizations, it's really not that big of a deal,".   REALLY?
The latest absorbtion rate figures released by NAR show that the maket has 8.6 months of inventory nationally.  This figure assumes an annual sales rate of 4.88 million homes.  Most industry experts agree that a balanced … (2 comments)

 
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Nick Dailey RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale

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