More Proof David Lereah Has Lost Credibility
The peak of the housing bubble in the US in general was summer of 2005. David Lereah, the Realtors chief cheerleader recently said that:
“‘In August 2005 we peaked,’ Lereah said. ‘That was the end of the boom. We just went down from there."True. One of Lereah's book which was published in Febuary 2005 was titled:
'Are You Missing the Real Estate Boom?: Why Home Values and Other Real Estate Investments Will Climb Through the End of the Decade -- and How to Profit From Them'
David Lereah should admit he cheerleaded this destructive housing bubble. It is time for Mr. Lereah to be remorseful and not backpedal. This guy has lost credibility. The media should be much more skeptical and critical of Lereah.