News for Prescott AZ - AmericanTowns.com

Wednesday, February 16, 2011

News Flash: Decline In Real Estate Sales Greater Than Stated?

 

NEWS FLASH

Decline in real estate sales greater than stated?

CoreLogic: NAR methodology appears to inflate home sales by 15 to 20%

Statistics published by the National Association of Realtors appear to overstate sales of existing home by 15 to 20 percent, mortgage and property data aggregator CoreLogic says in a new report that concludes home sales fell more sharply last year than previously thought.

A NAR spokesman said the Corelogic claim "is premature at best," and NAR will be making some benchmark revisions to its historic sales data later this year.

Read full story here.

 


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