
… in Connecticut, according to state’s largest daily newspaper, the Hartford Courant:
“RealtyTrac … said the number of June foreclosure filings of all types actually jumped 31.5 percent compared with the previous month, rather than falling 80 percent as first reported … the firm revised the numbers after The Courant questioned the low level of initial filings, known as lis pendens. RealtyTrac first reported 56 but the revised number is 991. The total filing was 1,455 in June compared with 1,106 in May … RealtyTrac has had trouble tallying data from Connecticut….”
Surprised? Shouldn’t be.
That’s because this isn’t the first time RealtyTrac has had to correct its inaccurate data. Far from it.
For more troubling news reports that reference the company’s checkered foreclosure statistics click here, here, here, here, here, here, here and here.
That’s just the tip of the iceberg.
We’ve said it numerous times before, and we’ll say it again: Media outlets and others cannot take this important real estate data at face value.
More often than not, when smart reporters, politicians and other influencers do a little digging and ask questions the truth is eventually revealed.
Bravo, Mr. Gosselin, from the Hartford Courant. More please.



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