The Financial Help Center
Money
David Stanowski
David Stanowski
Publisher

Home



Site Map


NAR Revisions?
by David Stanowski
29 December 2011


The NAR (National Association of Realtors) revisions have been released, as reported earlier this month, and they're not pretty! They paint a picture of a far weaker real estate market than previously believed!

x Original
Existing
Homes
Sales
Revised
Existing
Homes
Sales
% Change
2007 5,652,000 5,022,000 -11.1%
2008 4,913,000 4,124,000 -16.1%
2009 5,156,000 4,334,000 -15.9%
2010 4,907,000 4,182,000 -14.8%
xxxx
TOTAL 20,628,000 17,662,000 -14.4%

The NAR is now saying that 2.966 million fewer existing homes were actually sold over this 4-year period than they originally reported!

Some of the regional data is especially troubling!
see data table

The NAR Revision Story is Not Over


Residential real estate investment has hit a 64-year low!

In the long run, this is very good news for the market. In the short run, it reflects how weak demand really is!

Real Estate Investment
Click on graph for full-sized image


New home sales have hit a 48-year low!

In the long run, this is very good news for the market. In the short run, it reflects how weak demand really is!

New Home Sales
Click on graph for full-sized image
 

Learn Purchase Real Estate for Cents on the Dollar!


For more information on Real Estate:
 
CLICK HERE

or

Search Our Site


powered by FreeFind
or

Search the Internet

Google