Every-time I hear NAR's outlook on the Real Estate market I want to crawl under a rock. The market will recover, but the real estate market is going to recover in it's own time on the market's own cycle. Why my industry thinks that it can hype the real estate market into recovery is one of the most professionally embarrassing things I have to put up with almost daily. This is great Video on Yahoo Finance that calls out the error and problems NAR creates for it's members with it's Polyanna-ish prognostications. Before anyone claims that doom and gloom is not the proper way either, I agree, but how about just telling it like it is?
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Metro Life Homes - Studio City, CA
California and Hawaii Real Estate (310) 497-9407
Well, I suppose the alternative would be to state there's no hope and site and provide a link for cheap razor blades.
Would do you suggest?
Sep 04, 2010 03:47 AM
First Team Real Estate - Anaheim Hills, CA
Lakeville, MN
More opinions than you want to hear about.
Our association is not the industry. They are only trying to make us feel better about paying them to lobby on our behalf. I suspect that television ads that promote the attributes of REALTORS® are meant more for our consumption than the public's.
When the association's chief economist alleges that supply is up, demand is down, and values are increasing, you know they are doing more than just "smoking something."
Sep 04, 2010 04:31 AM
Sotheby's & Knipe ERA - Bend, OR
Sisters, Realtors
Pollyanna? or PR? Rainbows & Leprechauns, or Doon & Gloom. Sounds like media spins. It would be good for people to know how to read between the lines. :) Kristine
Dec 22, 2010 06:36 AM
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