“From a consumer’s perspective, only the local market information matters and there are no changes to local multiple listing service (MLS) data or local supply-and-demand balance, or to local home prices,” Yun explained. (business insider)

True. Ignore the NAR. Read local real estate analysis that is actually relevant.

If you’re looking for insight into and analysis about the Charlottesville area real estate market, start here.

I’d like to think that since I started writing this little blog, regular readers have come to recognize that the analysis provided here is honest, transparent and truly my best effort to provide clear, cogent and thoughtful analysis about the Charlottesville area real estate market. In spite of the NAR.

The NAR is a trade organization for the benefit of Realtors. As a Realtor, I’m glad to have such a trade organization; they lobby for Realtor things. Their (our?) Mission is clear: “The core purpose of the NATIONAL ASSOCIATION OF REALTORS® is to help its members become more profitable and successful.”

– It’s Not about the NAR’s Numbers, It’s about the NAR’s Credibility (RealCentralVA – 12/14/11)

– The National Association of Realtors: The Housing Bust Was 14.3% Worse Than What We Told Buyers, Sellers, Congress, and the Media From 2007-2010 (Charlottesville Bubble Blog)

– Somebody At The NAR Finally Decided Not To Laugh At The Joke That Is Their Marketing,,, I Mean Data (Zero Hedge)

– US Housing Market Was Artificially Inflated By 14% In 2007-2010 NAR Reports (Zerohedge)

– Home sales bounce but off lower levels (Big Picture)

– Three Questions for NAR (Housing Wire)

– Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data (naked capitalism)

– Lawler: The NAR “benchmark revision story” is not over!