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NAR chief economist explains how home sales are calculated

Recently, CoreLogic called into question the National Association of Realtors’ home sales statistics, stating that NAR has overstated sales by 15% to 20% for several years, according to their sales data.

NAR has responded in kind to the accusations, noting that CoreLogic data “comes from courthouse recordings. It makes some assumptions about non-covered areas.”

With the back and forth continuing as the world waits for the recalibration that was set to take place this year, independent of CoreLogic’s claims, the Chief Economist at the National Association of Realtors sits down to describe how NAR calculates its data:

NAR also provides a breakdown on their blog.

AGbeat is not affiliated with NAR.

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