Someone messed up their math....

The Associated Press reports that the National Association of Realtors fudged their statistics.

By a lot.

In fact, when the NAR originally released data saying that home sales in NJ had risen by 4%, the news was met with much skepticism.

Everyone knows somebody who is packing up and leaving the state. For sale signs are all over, in every neighborhood -- and people are stuck with their homes, because everyone is selling and nobody's buying.

Realtors report a rise in for-sale listings that they just can't get rid of.

So the orginal figures just didn't make sense…. It didn't make sense that the NAR was saying that during a recession, the state with the highest property tax burden in the nation was experiencing a 4 percent increase in real estate sales.

Reports using info from moving companies show that New Jersey is leading the country in terms of people moving out.

After much head scratching and reconfiguring, the NAR admitted that they messed up their math methods. (They forgot the difference between multiplication and division). Their new figures seem more accurate. The revised numbers show a thirty percent DECLINE in existing home sales in NJ.

That’s a huge difference.

But it's too late, despite the whole Uh-oh,-we-fucked-up message, the NAR's credibility is garbage.

To go from 4 percent INCREASE to a 30 percent DECREASE is just insane. Anybody with half a brain could tell you that New Jersey is in trouble. Businesses are jumping ship and setting up shop in Pennsylvania; citizens are heading South where property taxes are loooooooooooow and pretty damn soon the only people left in the state will be the politicians.


"Will the last person in New Jersey turn off the lights?"