understate the NAR understatements...
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The Good News is that in each local MLS they really DID know the correct numbers...
both for sales and for prices.
The Bad News is the rest of U.S. did not.
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NAR Revises the Great Housing Decline
http://paper-money.blogspot.com/2011/12/nar-revising-great-housing-decline.html
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Existing Home Sales Revisions
http://www.calculatedriskblog.com/2011/12/existing-home-sales-revisions.html
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