Tuesday, December 13, 2011

OMG: DOUBLE COUNTING!!!

Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.
Realtors: We Overcounted Home Sales for Five Years

Gosh, wonder how that happened? Maybe we should ask Jon Corzine.

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