Comments on: Housing Sales Rise Significantly In February 2006 http://www.therealestatebloggers.com/2006/03/23/housing-sales-rise-significantly-in-february-2006/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Robert Coté http://www.therealestatebloggers.com/2006/03/23/housing-sales-rise-significantly-in-february-2006/comment-page-1/#comment-765 Robert Coté Sat, 25 Mar 2006 21:12:14 +0000 http://therealestatebloggers.com/2006/03/23/housing-sales-rise-significantly-in-february-2006/#comment-765 What? No correction? Sales in Feb did not rise 5.2% as you report. What? No correction? Sales in Feb did not rise 5.2% as you report.

]]> By: Robert Coté http://www.therealestatebloggers.com/2006/03/23/housing-sales-rise-significantly-in-february-2006/comment-page-1/#comment-746 Robert Coté Fri, 24 Mar 2006 15:21:30 +0000 http://therealestatebloggers.com/2006/03/23/housing-sales-rise-significantly-in-february-2006/#comment-746 The NAR lies, you repeat the lie. There's no fixing the NAR but you should at least check your sources before adding your own spin. FEB 2005 402,000 sales FEB 2006 401,000 sales (preliminary) "Seasonally adjust" that. I guess Feb is a different "season" in alternate years. You want to "adjust?" Fine, better include supply adjustments. Something like 1.3 million units added last year so just to keep the sales rate steady we'd need to see 1.8% y-o-y increases in the raw data. If I sound angry it is because I am. The "news" moved markets. People were hurt. I obviously don't trust the NAR but I'd like to think that therealestatebloggers has enough self respect to at least verify before parroting. The NAR lies, you repeat the lie. There’s no fixing the NAR but you should at least check your sources before adding your own spin.

FEB 2005 402,000 sales
FEB 2006 401,000 sales (preliminary)

“Seasonally adjust” that. I guess Feb is a different “season” in alternate years.

You want to “adjust?” Fine, better include supply adjustments. Something like 1.3 million units added last year so just to keep the sales rate steady we’d need to see 1.8% y-o-y increases in the raw data.

If I sound angry it is because I am. The “news” moved markets. People were hurt. I obviously don’t trust the NAR but I’d like to think that therealestatebloggers has enough self respect to at least verify before parroting.

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