Chief Economist at First American Mark M. Fleming says that the public and policymakers should take news about January’s housing data with a grain of salt.
“Or better yet, the whole shake,” Fleming adds. “The doom-and-gloom view derives from one simple statistic: Existing-home sales fell by nearly 5 percent between December 2014 and January 2015.”
Sign-up for Pro Builder Newsletters
Get all of the latest news and updates.