So there has finally been some good news on the housing market. July housing sales are up 2.8% as reported today. The problem I have with these figures is that this information is technically old and does not really reflect the recent problems in the housing market. All these reports on TV are somewhat delayed to what is going on in the market right now. In my opinion, these recent figures are similar to what was happening in the market about 2-3 months ago.

Another thing to think about is that the “housing starts” data does not reflect canceled contracts. Example: If 100 new contracts were reported; then 2 months later 25% of those contracts were canceled or the deals fell through, the housing data would still reflect 100 new sales, a little misleading if you ask me.

Speaking of stats, if you watch CNBC you will notice that most of their foreclosure statistics are coming from Realtytrac. I find this funny since countless members of our site have said their data is far from current compared to ours. Shows you how much public relations can effect the news.

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