by Lee Adler
Wall Street Examiner
First let’s go to the slant. The Wall Street Journal spun the tall tale that “U.S. Existing-Home Sales Rebounded in September.” The Journal also claimed that the “Rise ends two-month slide as housing sector shows signs of stabilizing.”
As for the facts, I can only say that either the Wall Street Journal’s reporters have no clue how to read the actual data that lies beyond the headline numbers, or that there is something absurdly wrong with the NAR’s seasonal finagling algorithm. On second thought, I’ll say both.
I frankly cannot understand how the mainstream media can report industry headline PR without at least giving lip service to the fact that actual data exists that hasn’t been touched by statisticians’ grubby hands.