Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
"The National Association of Realtors (NAR) said Wednesday that existing home sales nationwide rose 2.7 percent during January, but prices fell to their lowest level in almost nine years. A similar situation happened in the Twin Cities metro area during January, according to data I reported two weeks ago, which showed an increase in pending sales, but a steep decline in sale prices driven by an increase in foreclosure sales."
"At the same time a Wall Street Journal report yesterday said that NAR might have over-reported the number of home sales in recent years, a revelation that suggests that the housing downturn has been worse than previously thought. The group is looking into the possiblity that consolidations among the Realtor groups that report the data might have contributed to inaccuracies in its sales numbers going back to 2007. CoreLogic, which also tracks national sales figures, but uses data from local courthouses, says that the numbers could be inflated by as much as 20 percent"....Home sales rise, prices fall and data might be in doubt
"NAR's figures -- based on data collected from multiple listing services and large brokerages -- show sales of existing homes fell 5 percent in 2010, to 4.9 million. But CoreLogic, which collects public sales records from county recorders and courts, estimates that home sales actually fell 12 percent, to 3.6 million."...CoreLogic: NAR methodology appears to inflate home sales by 15-20%
Wall Street Journal...Home Sales Data Doubted
Inflated the Years Sales by over 1,000,000 sales...
Monthly sales are calculated by data used from 160 SELECTED MLSs out of the 700 existing MLSs nationwide...In other words a Guesstimate
Issued Feb 16, 2011..From Realtor Magazine...Link
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $695,000
For Sale: $195,000
For Sale: $549,900