Home Sales Substantially Inflated Using Double-Count Method Of Accounting
Haha. Apparently NAR is a little too zealous in their calculations. Are we at all surprised there were apparently over a million double-counts in home sales last year? Looks like numbers are going to be revised downward quite substantially for the last four years.
When the housing bubble started dumping, we said housing wouldn’t recover for a few decades….. money cannot go into housing if the economy is ever going to recover.
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