NAR overstating numbers?

By HawgWyld on 1:57 AM

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Well, here's some more great news for the housing industry -- CoreLogic says the National Association of Realtors (NAR) has overstated its national sales numbers by as much as 20 percent.

Ruh-roh, Scooby. That's a scary accusation if it proves to be true, considering how often the NAR's report is used by economists, analysts, journalists, etc. It's also scary when you realize that the number of months in supply is directly tied to sales -- lower sales could mean more months in supply than we thought, meaning it will take longer to get housing inventory thinned out than we previously believed.

Click here to read about this whole mess.

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