Zillow and NAR Head Economist Disagree! Really?

Profile picture for Zilluminati
Article from Diana Olick of CNBC highlights Zillow and NAR differences on what is up, today.
It is potentially, barely, discussion worthy. Let the games begin.
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November 22 2011 - India Hook

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Profile picture for Pasadenan
Everyone knows that Yun is not capable of stating anything truthful, and that everything he states is to try to increase sales for the members of his organization so that more people will join and more people will send NAR money to do political lobbying and similar.

Yes, I happen to be biased and think that Stan Humphries is on the right track, and usually does a pretty decent job of analyzing data.  And he certainly didn't state anything that wasn't already self-evident to the most casual observer.

Nor have I ever found a cause for Stan to try to spin the data any direction for any purpose.  Media websites exist to provide information (and create page views for advertisement revenue); not to create sales or market scares.

If Yun wanted to dispute the study findings, he could publish his own study rather than just stating that someone else is wrong.
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November 22 2011
Profile picture for hpvanc
I don't consider it a surprise.  I don't see it addressed in the article, but Realtors® don't have a message that resonates well with highly qualified buyers, this problem grew worse during the bubble with the availability of more marginal buyers. The concept of how to communicate with and serve highly qualified buyers is almost entirely missing from anything I have seen the NAR put out. 

Realtors® don't understand the buyers that could be in the market and are actually alienating them, and are thus part of the problem.  The symptom they are complaining about is that the kind of buyer they know how and want to serve has been largely removed from the market, but they don't know or seemingly want to learn as a group how the people they have alienated operate.  What about the other 27%, are they just blissful or are they not being addressed? 
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November 22 2011
Profile picture for SoCal Appraiser
Hamp - you look awful darn young...is that a current photo ?
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November 22 2011
Profile picture for Zilluminati
Not as current as a useful comp. Current as of 1969. I hoped it would allow me to argue, like a seven-year-old, with the Real Estate Bears.
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November 22 2011
Profile picture for Pasadenan
"Not as current as a useful comp"  -

I always wonder about that software that is supposed to age people, so that the photos of missing children pasted on the milk cartons are supposed to look similar to present.

I have found no place where such software is commercially available.  And even if it was, I still question how accurately it could age a person to still be recognizable.  It just seems to me that there are too many possible aging and stylizing variables, not to mention clothing choices.

But then, I have enough difficulty recognizing if a photo is of a specific person even if they haven't aged or changed any major styling characteristic (such as cutting their hair off and dying it blue).
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November 22 2011
Profile picture for sunnyview
Yun is a complete idgit. He couldn't call heads on a two headed coin. Yun either has no concept of the basics of the market or he is simply a liar. Neither are very useful if you appreciate real information to base your RE decisions on.
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November 23 2011
Profile picture for the_country_hick
Anyone who disagrees with Yun has a 99% chance of being correct.

Zillow must be correct here.
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December 04 2011
 
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