You are here: Home / Foreclosure Listings / Realty Trac foreclosures statistics questioned … again

Realty Trac foreclosures statistics questioned … again

April 21, 2008 By 6 Comments


Realty Trac foreclosures statistics questioned

This time it comes from a disgruntled (and astute) WashingtonCityPaper.com reader who raises a valid point about a glaring inconsistency.

Here’s the snip:

“RealtyTracs numbers are inaccurate. Look at the Year Over Year comparison. According to RealtyTrac, DCs March 08 numbers are 6,040% higher than the March 07 numbers. RealtyTrac explains this by saying this percentage might not be totally accurate due to improvements in its collection systems. What does that mean? Were the 07 numbers wrong? Are the 08 numbers wrong? How do you have a 6000% difference and not explain it in a hell of a lot more detail? And why do the media just rely on RealtyTrace without any further digging?… If the City Paper wants to know what the DC numbers are, then send a staffer to the Recorder of Deeds office and check the stats.”

For more troubling news reports that reference Realty Trac foreclosure statistics click here, here, here, here, here and here.

email
Filed Under: Foreclosure Listings, Free Foreclosure List, National Foreclosure Data Tagged With: , , , ,

Comments

  1. Foreclosure Questions says:
    June 8, 2008 at 11:59 am

    Not surprising knowing RealtyTrac’s motives.

    You wonder just how ugly this thing is going to get.

Trackbacks

  1. Free foreclosure listings: What is right and wrong · Foreclosure.com Blog says:
    July 15, 2008 at 3:34 pm

    [...] On numerous occasions RealtyTrac.com has been exposed for reporting over exaggerated foreclosure figures … Congress even got burned! That’s the blatant truth behind RealtyTrac’s “stats.” In fact, the company often triple counts multiple listings and fails to expire old listings in a timely fashion (To check out just some of the evidence click here). [...]

  2. Sequim Real Estate Foreclosures - Caution says:
    July 24, 2008 at 11:04 pm

    [...] On numerous occasions RealtyTrac.com has been exposed for reporting over exaggerated foreclosure figures … Congress even got burned! That’s the blatant truth behind RealtyTrac’s “stats.” In fact, the company often triple counts multiple listings and fails to expire old listings in a timely fashion (To check out just some of the evidence click here). [...]

  3. RealtyTrac foreclosures: Reason #9,827 not to trust its listings · Foreclosure.com Blog says:
    September 11, 2008 at 11:43 am

    [...] have said it better ourselves. Let’s just add this latest complaint to our growing list (here and here) of disenfranchised (and wise) media outlets that do their homework when it comes to [...]

  4. Foreclosure.com Blog · RealtyTrac foreclosure listings just don’t add up … again says:
    June 24, 2009 at 9:03 am

    [...] more troubling news reports that reference RealtyTrac foreclosure statistics click here, here, here, here, here, here and here. Sorry if we missed a bunch; however, it’s just so [...]

  5. Foreclosure.com Blog · RealtyTrac foreclosures are ‘radically’ wrong … says:
    August 17, 2009 at 8:59 am

    [...] news reports that reference the company’s checkered foreclosure statistics click here, here, here, here, here, here, here and [...]

Speak Your Mind

*