realty trac foreclosures

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lies

Today from the Nashua Telegraph:

“Most anyone who happened upon the RealtyTrac report released Thursday would have been alarmed by the jump in New Hampshire foreclosures…. The company did not have a person consistently collecting data from these locations last year…. there are lingering questions about the reliability of national averages, given the flawed data not just in New Hampshire, but the District of Columbia, New Mexico, Louisiana, Oregon and North Dakota. It’s unclear if RealtyTrac factored those percentage increases into its calculation of a national jump in foreclosure activity of 55 percent this July from last — a number widely reported Thursday by various media outlets.”

Questions. Flawed. Unclear.

We couldn’t 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 RealtyTrac’s inaccurate national foreclosure statistics.

More please.

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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.

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