Home sales improve? Decline? Both are right

I found this great article in the Detroit Free Press. An excerpt follows:

Realtors say numbers up, counties disagree

BY GRETA GUEST • FREE PRESS BUSINESS WRITER • July 13, 2008

Realtors have been reporting recently that metro Detroit home sales have moved into positive territory, yet county government tallies indicate mostly that sales are down compared with last year.

While somewhat confusing, both sets of data are accurate. They measure different sales within different time frames and, for both buyers and sellers, they are important gauges of market activity.

The rest of this article

Jeff Miller, Economist, MBA
Real Estate Seminar List
Investment Musings