Jake2000

Record Home Price Declines Portend Extended Downturn

EXCELLENT article. Definitely summed it up, especially the part about the realty industry trying to hush the truth of the matter up.

Yeah, good luck with THAT, guys. When the house is burning down, you can't keep people from smelling the smoke, no matter how hard you try.

Prices Fall, Inventories Rise, NAR Spins

Does Yun or NAR have any credibility left at all?

Its kinda sad... even as a paid shill, Yun should realize that he'd be more effective if he was even in the ballpark and grudgingly admitted there was a major problem.

But I guess he and NAR are just making the cynical assumption that "a sucker is born every minute", and they just want to fool the uninformed into buying before the market hits bottom. Very sad on their part.