And of course- they were inflating the number....gee I wonder who taught them that trick?
I would call this unfucking believable- except that it's not. We see similar fraudulent figures week after week from the Federal Government and the BLS. How do we know unemployment figures are fraudulent? Simple.
People with jobs pay taxes. People without jobs don't. The treasury has a two trillion dollar deficit this year which initially was supposed to only be a 1.2 trillion shortfall. That missing 800 billion? Well that's what happens when you start believing your own bullshit.
How do we know the CPI is fraudulent and understated? Because we are the ones buying inflated goods.
Anyway- here's the whole fraudulent tale from the National Association of Realtors. I only have two questions. Why did it take them so long and why disclose this now? http://money.cnn.com/2011/12/13/real_estate/home_sales_revision/index.htm?iid=Lead