Existing home sales revisions – The challenges of complex data
12/16/11 / Kevin Raines
As a firm that works with large databases for our clients, this article strikes home.
Working with big databases is hard work. It’s not just the mechanics of data manipulation and calculations, but also knowing where the data come from, what they mean, and how to interpret them. You have to have a feel for data, and the ability to recognize the little clues that point to problems. Mistakes happen, and kudos to the National Association of Realtors for finding these problems, fixing them, and being forthright about the changes that we’ll be seeing in their numbers. And if you sold your home twice in their database, we hope you can get back some of those Realtor fees.