Realty Trac foreclosures statistics questioned … again

April 21, 2008 in Foreclosure Listings, Free Foreclosure List, National Foreclosure Data by Foreclosure.com6 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.

Hereâ€™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.

Tags: realty trac foreclosures, realty tract, realtytrac foreclosures, realtytrac foreclosures real estate, realtytrac property