National Association of Realtors Chief Economist Resigns

Bubble bloggers everywhere rejoice as their lightning rod David Lereah, Chief Economist for the National Association of Realtors resigned today.  "I'm leaving to spend more time with my family," he is quoted as saying. 

Pat Verdevoogd Combs, President of the National Association of Realtors announced in her press release, "We appreciate the service and dedication David has provided us over the years.  He's been a valuable contributor and spokesman."

Insiders tell a different story, though.  People from NAR headquarters in Chicago are quoted as saying there was a fallout between Mr. Lereah and his information staff.  Sources inside have stated Mr. Lereah was heard mumbling, "The sky is falling, the sky is falling," as he was leaving his office just last night.

"We presented him with data about job market expansion, but he wouldn't hear anything of it," lamented an anonymous source.  "He just wanted to talk about fear.  It's as if he had an agenda." 

Upon hearing the news, entrepreneur and serial masochist Casey Serin said, "I'd like to comment but I'm busy promoting myself around the country."

However, noted housing bubble blogger Inflate This said on his blog, "This is a great victory for all consumers because now, the mouthpiece for radicalism has effectively been eliminated.  The balance to The Force has now been restored." 

Hundreds of thousands around Silicon Valley are lining up to sell their houses while they still can.

Happy April Fools! 

[ed.  Someday, the voices of pragmatism will be as loud as the radicals on either side.  Come April 2, may level-headed people balance the Force once again.]

National Association of Realtors Chief Economist Resigns