Items Tagged with 'benchmarking'

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  • NAR Explains Benchmark Drift

    In response to recent reports, especially by CoreLogic that the National Association of Realtors' (NAR) Existing Home Sales data was overstated by as much as 15% to 20%, NAR released a new Frequently Asked Questions (FAQ) section to their website explaining the benchmarking process and discussing revisions to the process. Without acknowledging potential errors in the data, NAR explained that the benchmarks used to calculate changes in home sales use the U.S. Census data compiled once every ten years.  They noted that following the 2000 Census, they identified an upward drift in their data estimated at 13 percent that
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