Profile picture for frisky1

Wall Street Journal gives glowing review of NAR. Great time to Buy and Sell!!

 Click here  to see the article. Lots of great reasons why its important to listen to Realtors.  Strangely, they use a Zillow estimate to illustrate the value of a realtor's home in the article. hmm.
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January 12 2009 - Washington
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Profile picture for klarek the realist
Basically what they do is hire economists, and "pressure" them into issuing fraudulent statements.  I think that Mr. Lereah's recent comments should get him a subpeona.  Put him under oath, and figure out what exactly they're up to.  If they forced him to put out information and propaganda they knew was false, they are in trouble.
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January 12 2009
Profile picture for klarek the realist

Lawrence Roberts, author of "The Great Housing Bubble," says the Securities and Exchange Commission should regulate NAR the way it regulates financial advisers. "Realtors are currently able to make any statement they wish regarding the investment potential of real estate, no matter how ridiculous," he says.

Isn't that the truth.  99% of what they say is utter bullsh*t.

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January 12 2009
Profile picture for klarek the realist
The spokesman says that during his tenure Mr. Lereah was "solely responsible for the content of NAR forecasts and housing reports -- both the data and the interpretation."

Funny how they're making this entire thing Mr. Lereah's doing, wiping their hands at the same time.  Did their new economist, Mr. Lawrence Yun, have a different approach?  No.  He told the exact same crap as Lereah did.  What a coincidence.
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January 12 2009
Profile picture for Bitter Renter Ron
Soon, mainstream economists and the press were calling him out. "I thought it was criminal that he kept saying we'd reached bottom," says Ivy Zelman, former housing-market analyst at Credit Suisse and now head of her own housing-sector research firm. She says she dubbed Mr. Lereah "Mr. Liar-eah."

It's a great time to buy!!!
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January 12 2009
 
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