House of cards.
Via Zero Hedge:
Just the headlines for now:
- EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007–2010
- EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN
Thank you NAR for proving what everyone knew: that the US housing market is one big lie. And next: here come the historical GDP revisions.
