Sunday, April 17, 2005

Lereah: "Any talk about the housing market crashing is ludicrous"

The Washington Post reports:

David A. Lereah disagrees. "There is no national housing bubble," said Lereah, chief economist for the National Association of Realtors and author of the recent book, "Are You Missing the Real Estate Boom?"

"Any talk about the housing market crashing is ludicrous," he said.