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NAR Should Sponsor A "Lies Of Omission" Designation For REALTORS
I continue to shake my head in awe at the deceptive real estate report that is published each month by the marketing department of the National Association of Realtors.
If you are a long-time reader of the Tallahassee Real Estate Blog, then you know that I report on NAR's opinion reports each month. They continue to spiral down the path of marketing and promotion, rather than reporting the true state of the real estate market. And their biggest crime is not what they are saying, it is what they are implying.
In its most recent real estate report, NAR wrote:
The national median existing-home price for all real estate types was $187,300 in July, up 9.4 percent from a year ago. The last time there were five back-to-back monthly price increases from a year earlier was in January to May of 2006. The July gain was the strongest since January 2006 when the median price rose 10.2 percent from a year earlier.
Now, does that have you believing that homes are appreciating?
If it were me and I relied upon each NAR real estate report, I would think that home values are rising, and that the recovery is well on the ... more

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