With my suspicious mind, I get the sense that the Realtor Machine has conspired to fight their losing positions by engaging in disinformation and the like. Take the MLS, for instance. They won’t show you the correct days-on-market stats anymore. They deliberately undercount the number of houses in the active for-sale list by dropping those without sq-ft measurements off the list. They have “pocket” listings maybe if they think that the sellers are not internet savvy and don’t know how to check the MLS list and confirm that theirs is actually MLS-counted.
Of course, the Realtor Machine, if they aren’t doing it already, could manipulate the number of active listing in the MLS by understating it in a huge magnitude. They publish the total number of actives – such a big deal – everybody looks at it and use it as basis of discussion and prior-year comparisons. That way, the mainstream media and the gullible “us” would all assume that “inventory is dropping” So, I take what the MLS count that the realtors tell us with a huge slab (not a grain) of salt.