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Housing Stats Revised

Today the National Association of Realtors announced that their estimate of the number of properties sold between 2007 and 2010 was off by about three million transactions, or 14.7M as opposed to the 17.7M they had originally estimated. They have a few reasons why they were off, and that has generated even more questions and commentary in the press. [CNBC; WSJ; HousingWire; CNBC]