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THE NATIONAL ASSOCIATION SAYS "THE BAD HOUSING NUMBERS SHOULD HAVE BEEN WORSE"!!
Lenn Herley's post is right on target regarding the explosive announcement today that the NAR sales numbers are since 2007 as much as 20%.
Good luck and success.
Lou Ludwig
BAD HOUSING NUMBERS SHOULD HAVE BEEN WORSE!!  SO SAYS THE NATIONAL ASSOCIATION OF REALTORS - TODAY.
"Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought."
SEE:  BAD HOUSING NUMBERS SHOULD HAVE BEEN WORSE. 
ACCORDING TO CORE LOGIC, the published reports may have been off by as much as 20%.
EXAMPLE OF NAR REPORTS: 
"Pending Home Sales Jump in October Washington, DC, November 30, 2011
Pending home sales rose strongly in October and remain above year-ago levels, according to the National Association of Realtors®."
Read the full article HERE.
THE QUESTION NOW IS, how bad was it really?  How is the consumer going to have any confidence in the numbers in the future??  IMO, if the NAR had published more realistic reports over the last 5 years, many agents could have or should have prepared themselves for that reality.  I know many real estate practitioners who ... more

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