May 16, 2007

The fools from the NAR just won't stop yapping

Guys, when you find yourself in a hole, quit digging.


Real estate clerks of America - can't you do anything to either shut these fools up, or at least give them some talking points that reflect reality?

They're making your profession more and more of a joke (is that possible?) every day.

NAR President Pat V. Combs said in a statement that the flattening in home prices is encouraging.

"It appears the worst of the price correction is behind us," she said. "More stable home prices and declining mortgage interest rates are increasing buying power, which should encourage potential buyers who've been on the sidelines."

NAR's senior economist, Lawrence Yun, also took an optimistic view of the report. "Essentially, we see that the existing-home market is stabilizing in a broad cyclical trough and moving in the right direction," he said in a statement.

11 comments:

Anonymous said...

We need a Pat V. Combs Watch and
a Lawrence Yun Watch.

Just like the David Lereah Watch

Anonymous said...

NOBODY believes them anymore!

Anonymous said...

What did you say? Pat

eeehhhhhhh

Anonymous said...

The thing I worry about, now that "inflation is in check" is that the FED will reopen the flood gates to save the ARM holders, which will only make this thing even more drawn out. And, I don't know why they think this will save housing because the fact of the matter is, people simply cannot afford these prices.

Anonymous said...

I love this site and read it on most days but come on, can you ever really expect the RE agents to stop acting like salesmen? What are you looking for? Are you waiting for them to say things like "Oh, I don't think you should be looking to buy right now" or "Oh, I think you should lower your offer". Are you serious? When you are deciding whether or not to buy a car, do you go to the dealership and ask the salesman if this is the right time to buy? You guys need to stop villifying salesmen just for trying to sell their stuff.

westwest888 said...

Sending a girl to do their dirty work.

http://tinyurl.com/2j6lft

Mark in San Diego said...

Thank God for Deutch Bank's reports - they have been right on the money all along (see other post here from Keith). . .NAR isn't even quoted much anymore.

Tipsy said...

This is getting to be drinking game materiel ...do join me in a shot every time the NAR says "bottoms up."

devestment said...

They say " the bottom is when you stop digging"

showmenouns said...

>It appears the worst of the price correction is behind us...

Didn't that idiot Greenspan say those exact words about 3 months ago.

corvinus said...

New acronyms, anybody? TCPVC (sounds like a kind of plastic) and TCLYar.