Wednesday, December 21, 2011

Previewing NAR's Humiliating Multi-Year Existing Home Sales Downward Revision

Today at 10:00 am the National Advertiser of Realtors, aka the NAR, headed by chief advertiser Larry Yun, will share its latest mockery of "numbers" about the state of the existing home market. Concurrently it will also admit that as Zero Hedge has been asserting for years, those very numbers are a complete fabrication, and should be widely ignored by the broader analyst population, when it also releases an extensive downward revision of all home sales from 2007 to the present.

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