Posted by Leonard Steinberg on February 16th, 2013 It’s official in the mainstream press(although looking in the rear-view mirror is often a bit late): housing prices across the board are rising: Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened. The best-performing metro… [Read More]
THE NAR’s FLAWED DATA REFLECTS A BROADER PROBLEM
Posted by Leonard Steinberg on December 18th, 2011 I have been ranting about the inaccuracy and inconsistencies of residential real estate sales reporting for years, and now the ultimate embarrassment: Unsurprisingly, this week the National Association of Realtors announced that the data they’ve been releasing on home sales has been flawed – mainly understated –… [Read More]
EXISTING US HOME SALES DROP DRAMATICALLY IN JULY.
Sales of previously owned U.S. homes dropped in July to their lowest pace in 15 years, implying further loss of momentum in the economic recovery. Note: PREVIOUSLY owned homes. The National Association of Realtors said sales dropped a record 27.2 percent from June to an annual rate of 3.83 million units, the lowest level since… [Read More]