On Course for a Soft Landing

"Right now we are on course for a soft landing." - David Lereah

David Lereah's New Book

Hat Tip to Housing Panic Blog. "Hat-tip to Housing Panic'er Damon for the work"

It is past time that David Lereah is taken to task by the mainstream media.

Mr. Lereah's Cheerleading Books

Mr. Lereah is Back Pedaling

David 'soft landing' Lereah is backpeddaling the reality of the declining housing market hits him in the face. Here is the lastest quote:

The housing standoff between buyers and sellers in South Florida will continue for another six months, and then prices in some areas will fall, a well-respected economist predicted Tuesday. In some cases prices may fall by 10 percent to 15 percent.

Adjust for inflation and you now have large real dollar price declines. Ain't looking so soft!

The Motley Fool Takes on NAR and David Lereah

The Motley Fool has a very solid article taking on David Lereah and the National Association of Realtors.

Lereah on Fed Hikes

“‘But this is a time for the Fed to pause on rate hikes because we have some interest-sensitive housing markets that have become vulnerable,’ he said.”
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When the fed was reducing rates, did he say it’s time to stop lowering because housing was overheating and being overrun with speculators? Noooooo!!

From commentator Brad on Ben's Blog