Tuesday, September 11, 2007

National Association of Realtors - Do We Really Care What They Have to Say?

This was the group, through its former economic seer, David Learah, who was telling us all was fine last spring in the real estate market, even as the subprime meltdown was rapidly gathering a head of steam.

Now they see the slump extending into next year: Realtors: Home price slump through '08.

Considering what's ahead with mortgage resets out into '09, the NAR is wrong again, but at least thinking in the right direction.

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