I’m no Mr. Cook but I believe Mr. Gross was kind enough to bite his tongue. Regardless of your thoughts on the housing market and the NAR; Yun’s continually optimistic forecasts that reference trite causes for his downward revisions with out regard for the miasma that is the housing market are nothing short of pure comic (unintended) genius.
Lereah and Yun have tarnished the credibility of a once-reputable organization. A lot of people, especially those with financial ties to real estate – just couldn’t see the forest for the trees.
The best thing the NAR could do now is to stop the “blow sunshine up the public’s ass” plan and try some frankness and candor.
Yes, it’s bad. It’s very bad. And it’s getting worse.
Admit it.
And then make the point that there are some awesome deals out there. It CAN be a great time to buy. And stop the BS that it’s a great time to sell.
The American people aren’t complete idiots; they understand that it can’t be both.
My feelings on the NAR are obviously well documented. As a real estate investor, it is in my best interest to have the most fair and balanced opinion on the market. I want to know when things are turning around for the good and the bad.
I would think realtors would want to be informed as well. As the lone voice of prosperity when there is absolutely no cause for it, the NAR only serves to remove itself from revelance. I am surprised news wires even bother to pick up their forecasts any more.
Alas, when the market does turn around, they will successfully predict it and proclaim their superior market knowledge. Hey even a broken clock is right twice a day. I am not sure what they have to lose by being honest, but it seems they have lost a significant amount of credibility with their current strategy.
Morgan Brown says:
I’m no Mr. Cook but I believe Mr. Gross was kind enough to bite his tongue. Regardless of your thoughts on the housing market and the NAR; Yun’s continually optimistic forecasts that reference trite causes for his downward revisions with out regard for the miasma that is the housing market are nothing short of pure comic (unintended) genius.
December 11, 2007 — 12:23 am
Robert Kerr says:
Lereah and Yun have tarnished the credibility of a once-reputable organization. A lot of people, especially those with financial ties to real estate – just couldn’t see the forest for the trees.
The best thing the NAR could do now is to stop the “blow sunshine up the public’s ass” plan and try some frankness and candor.
Yes, it’s bad. It’s very bad. And it’s getting worse.
Admit it.
And then make the point that there are some awesome deals out there. It CAN be a great time to buy. And stop the BS that it’s a great time to sell.
The American people aren’t complete idiots; they understand that it can’t be both.
Honesty can go a long way in this market.
December 11, 2007 — 6:18 am
Michael Cook says:
My feelings on the NAR are obviously well documented. As a real estate investor, it is in my best interest to have the most fair and balanced opinion on the market. I want to know when things are turning around for the good and the bad.
I would think realtors would want to be informed as well. As the lone voice of prosperity when there is absolutely no cause for it, the NAR only serves to remove itself from revelance. I am surprised news wires even bother to pick up their forecasts any more.
Alas, when the market does turn around, they will successfully predict it and proclaim their superior market knowledge. Hey even a broken clock is right twice a day. I am not sure what they have to lose by being honest, but it seems they have lost a significant amount of credibility with their current strategy.
December 11, 2007 — 1:05 pm