The National Association of Realtors has produced a complex formula to decipher existing home sales. Of course the NAR would like to have consumers believe that the housing market is reviving after the financial crisis. NAR uses information from their MLS listing services to get their sales figures.
NAR reported 4.9 million existing home sales in 2010, down from 5.2 in 2009. CoreLogic reports only 3.3 million in 2010 and 3.7 million in 2009. NAR could be overstating home sales by more than 20% nationwide.
This conflicting information from CoreLogic, a company that measures sales by tracking property records through local courthouses. And CoreLogic doesn't have direct ties to the real estate market.
It's always very important to research where information is coming from, and who has any interest in what the financial statements portray.
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