More Housing

Yesterday, the National Association of Realtors (NAR) revised down its benchmark sales and inventory figures for 2007 to 2010, reducing total homes sold by 710,000.  This downward revision means that the housing crisis was actually worse than thought (and I thought it horrible).  Going forward, it also means that future sales numbers will be benchmarked against a smaller number, making housing market comparative sales figures look better than they would have been without the revision.