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(English) Don’t Believe Everything You Read

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8 comentarios
  1. Lilly
    Lilly Dice:

    A bigger headline would have been for the media to promote the upswing as you point out, but the reporters are seeing it differently. 

    However your chart shows equally no reality because we don’t know what values are associated with the numbers. And of course with such a generalized chart, how many of those homes were foreclosures and short sales?  I’ll net when you break the numbers out you’ll see a different story.   

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  2. Steve Harney
    Steve Harney Dice:

    @Lilly,
    Thanks for the comment. The chart was created from data in the Pending Home Sales Report that is actually linked in the blog itself. You can check out the methodology NAR used by simply clicking on the link and reading the report. As far as what % are distressed properties, we’re not sure why that matters as we are reporting that sales are up. However, since you asked, the number has been running between 35-40% nationally the last several months.

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  3. Lilly
    Lilly Dice:

    The % of sales of distressed properties and who is buying them is a concern to anyone who wants a complete and honest picture of what the market is really happening in the market, but doing so for most would be counter to their argument, just as what happened here in a previous post when important info was left out regarding the location of shadow inventory. This is typical NAR tactics.

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