10:49am 03/07/01 Home sales revised sharply higher--software problem blamed for faulty data

By Rex Nutting

Data on home sales have been revised dramatically by the National Association of Realtors, which blamed a software problem for its faulty data. Rather than falling nearly 7% in January, existing home sales actually rose about 4% to an annual rate of 5.13 million, the realtors said. The updated numbers show that the housing market is not weakening appreciably as the economy slows.

http://www.prudentbear.com/boards/user/non-frames/message.asp?forumid=4&messageid=30058&threadid=30058

-- Carl Jenkins (somewherepress@aol.com), March 07, 2001

Answers

Oops, didn't see Carl's post when I started a new thread on the same topic. More details in the story from Reuters, FWIW.

Cheers,

-- Andre Weltman (aweltman@state.pa.us), March 07, 2001.