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Why MLS is not credible: More home sales prices kept secret in Dallas MLS | June 22, 2009

Posted by John Watch in News Feed.
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More home sales prices kept secret in Dallas MLS | News for Dallas, Texas | Dallas Morning News | Dallas Business News

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Situations like these are critical in understadning why various MLS are not credible sources for property values across the nation. As real estate agents, buyers and sellers fight to save their own hides, everyone from the first-time home buyer to the economist can possibly be getting screwed due to skewed property data and public records.

“The trend is troubling some market watchers because Realtors and appraisers use the service to set prices and prepare offers. And everyone who depends on the data – including the economists who track the North Texas housing market – is getting only part of the housing picture.”

With the trend increasing, it’s hard to decipher who’s right, who’s wrong, and where the real information lies. Who can we trust?

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