Friday, January 28, 2011

New Home Sales at 47 Year Low, and Existing Home Sales For Past Several Years To Be Revised Downward

See this chart for the latest New Home Sales. And see Mortgage News Daily call the numbers "Greatly Distorted" and "Standard Error Huge" here.

And--would you believe it!?--the National Association of Realtors may--somehow!!!--have inflated years worth of numbers for Existing (already built) Home Sales, and will be releasing new numbers in February. What?!?!? 

Image copyright Sacramento Bee.

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