Housing Bust Worse Than Originally Reported

It’s no secret that the housing market took a huge hit over the past several years.  However, recent reports have surfaced indicating that the housing slump was even worse than initially reported – as in, 14.3% worse!

Ouch.

Apparently the discrepancy is due to  flaws in the data analysis conducted by the National Association of Realtors from 2007-2010.  Luckily it appears that home sales are now on the rise throughout most of the country – and in Dallas the housing market is chugging right along.

Image courtesy of CNN Money.

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