Liars can figure and figures can lie. There is no accurate comparison to any previous month or quarter or time in history unless they were comparing a time that 30 year interest rates were at 5% AND a rebate was available to most buyers equal to about 5% of the national median house price and a very low down was required and people could qualify to be in debt for 50% of their gross income.
If sales WEREN’T better these days, the patient would be dead. In reality they are actually on life support.
Only a fool would imply that a jump from Feb to March 1963 has anything to do with people in 2010 who can barely afford Top Ramen being able to “buy” a house. It was harder to buy years ago, it’s still pretty easy today.
I’m sure that many people are paying $10K or more than they should, just so they can get an $8000 rebate. Voodoo economics. American consumer.
Unless comparisons are made to identical circumstances it’s ignorant, but what can we expect from official govt stats.
BLS U-6 unemployment is OFFICIALLY at 17%+ but the govt and media continue to spew that 9.7% is official unemployment and ignorant teleprompter readers just read what is put in front of them acting like investigative journalists.
IF at least 10% down was required to buy, there was no tax rebate and interest rates were at 6%+ the sales would be abysmal.
Leave it to the govt to report that umbrella sales in the fall & winter are up 10,000%+ over the summer and spin it into positive “economic news”
Bathing suit sales drop 95% from summer to winter,
You can mislead with all kinds of “statistics” by using meaningless comparisons to fool “themasses”
