FLASH: Used home sales crash 29% versus last month, and 23% versus last year. Yet the lazy and corrupt MSM reports sales down only 8%

Gotta love our incompetent MSM. Reporters are no longer reporters, they're copy/pasters who take business and government press releases and report them as the news, with no critical analysis and no oversight.

The performance of the mainstream media in America is shameful. They should disgust you, and you should not trust a word they say. Lazy. Simply lazy. They helped get us into the Iraq mess, and they helped cause the housing bubble. Shameful.

That said, the monkey-run NAR today put out their disastrous existing home sales report, complete with Excel spreadsheet. Of course, nobody in the MSM bothered to check the numbers or question the NAR spin. Nope, they just reported sales down 8%, and made that sound bad enough, but if they had reported the REAL numbers - down 29% versus last month and 23% versus last year, now THAT would have really freaked people out. Of course, the MSM is too stupid to realize that the NAR goes with the "annualized" number because that takes longer to crash.

Do your own search - good luck finding any report that shows the -23% or -29% true numbers. And why won't you find it? Because the NAR didn't report it in their PR, so nothing to copy and paste for the lazy MSM.

Here's the simple numbers from the NAR:

Sept 2007: 409,000 sales (down 29% versus last month, down 23% versus last year)
Sept 2006: 529,000 sales
August 2007: 575,000 sales

Why do blogs have to do the job of the MSM? Pathetic. Absolutely pathetic.

Here's the NAR release that everyone copy/pasted with some laughable Yun quotes, and some of the lazy MSM reports

Existing-Home Sales Tumble 8%
Wall Street Journal

Existing Home Sales Plunge by 8 Percent
The Associated Press

Home sales sink 8%
CNNMoney.com