August 28, 2006

Here you go - my favorite NAR / David Lereah honesty-is-the-best-policy slides




18 comments:

dan said...

CNNMoney.com has a bluntly honest assessmnet of the housing market. See

http://money.cnn.com/2006/
08/27/real_estate/
pluggedin_tully.fortune/
index.htm?cnn=yes

Now the MSM can not hide. Predication: Bubble is going to "officially" explode in September. Here comes Keiths artcile in Time.

Get ready indeed!

Anonymous said...

picture is worth a 1000 words (or 1,000,000 realtor layoffs)

Anonymous said...

I've seen charts of something falling off of a cliff, then I've seen charts (now) of something REALLY falling off a cliff

Anonymous said...

This was kind of funny...

http://www.youtube.com/watch?v=lPnA1cnewLA&NR

The Thinker said...

According to this chart, in July housing was up 17% over the prices of one year ago and in the past few months it has dropped back to where it was one year ago. This looks like BS to me. I have trouble believing that last month housing was up so big for the year. From where I stand housing prices havent moved an inch all year, at least not in my area. I know this because the same houses are on the market asking the same price.

I see similar charts when ever I go to Zillow.com. My theory is that the data is sparse because houses arent selling all that much these days.

These housing value trends only factor in the average selling price of houses. To truly appreciate the health of the housing market you must look at what's NOT selling too. You don't know what a house is worth until the sale is made, and if the house isnt selling you can't know what its worth, you can only know that its not worth the asking price.

David said...

GREAT POST!

David
Bubble Meter Blog

Anonymous said...

utah still hot

Anonymous said...

love the income / home price de-linking. that says it all

David said...

they are making the case for us!

hehe

Anonymous said...

I know this because the same houses are on the market asking the same price.

asking prices and selling prices are two different things.

Garth Farkley said...

hell still hot

borkafatty said...

http://tinyurl.com/o4sxj

US housing slump fuels crash fears :

There goes those Jobs we talked about.

Anonymous said...

Soooooo, why didn't he make these slides in 2004 or 2005?????

Hmmm???

I wonder if he put them in his books???!!!

He may be susceptible to a Blodgett suit, publicly praising an asset (dot bomb/RE) while dissing it to his professional colleagues.

Anonymous said...

Its all the same scam, be it stocks, land schemes, or residential house markets:
PUMP AND DUMP, AND LEAVE THE BAG WITH THE CHUMP...

NAR IS NOTHING BUT A BOILER ROOM OPERATION WITH BETTER PR.

Anonymous said...

I've never been quite sure how to pronounce "Lereah".

Would someone please spell it phonetically.

Thanks!

Anonymous said...

"LI-ar" is how you say it I believe

Anonymous said...

So It's Canadian --- Liar -Eah?

Anonymous said...

"I've never been quite sure how to pronounce "Lereah"."

According to some web articles, it is pronounced le-RAY.


http://www.sptimes.com/2003/11/15/news_pf/Homes/Second_best_year_for_.shtml