Yes, the same NAR urging a real estate price crash, put out ads today to urge suckers to buy depreciating homes. Good god, we really are in la-la land now...
PEOPLE OF THE WORLD - THE NAR IS A DISCREDITED, DESPERATE ORGANISATION RUN BY CORRUPT, EVIL MEN. POINT AT THEM. LAUGH AT THEM. BUT DO NOT LISTEN TO A WORD THESE EVIL PEOPLE EVER SAY AGAIN.
Source: National Association of Realtors
NAR Bullish on Housing Market, Advises Consumers to Take Action Now While Conditions Remain FavorableFriday November 3, 10:09 am ET
WASHINGTON, Nov. 3 /PRNewswire/ -- In a full-page newspaper advertisement running in six of the nation's leading newspapers beginning today, the leadership of the National Association of Realtors® is launching a national campaign to urge home buyers who have been waiting to buy the home of their dreams to act now before the market changes.
NAR's first-ever newspaper blitz features the headline, "It's a great time to buy or sell a home." The advertisement points out that interest rates have fallen seven months in a row and are near 40 year lows, inventories of existing homes are higher than they have been in decades and prices have stabilized. But the perfect conditions for buyers are likely to change as sales pick up, prices gain traction and conditions improve for sellers next year.
"Homeownership is a safe, secure way to build long term wealth. The national median price of homes bought 10 years ago has increased 88 percent. The number of U.S. households is expected to increase 15 percent during the next decade, creating a continued high demand for housing," the ad reads.
It quotes former Federal Reserve Chairman Alan Greenspan saying, "Most of the negatives in housing are probably behind us. The fourth quarter should be reasonably good, certainly better than the third quarter."
November 03, 2006
Posted by blogger at 11/03/2006