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Talk about the ultimate spinmeisters. If you look at todays news you will note how sales for existing home sales fell in 46 out of 50 states. Nothing new, we all know the housing slump is a major problem w/no hope in the short term.
I went on the NAR's main page and the headline reads as follows...
"A majority of metropolitan areas showed rising or stable home prices in the third quarter, most experiencing modest gains"
New president "Richard Gaylord" said "there is no such thing as a "national housing market, it doesn't perform like equity markets"...
I mean, is this organization and leaders on crack? Who are they trying to kid after all these years of bogus spin propaganda? No National market? OF COURSE IT IS! The people in the Southeast are directly affected by the people in CA & NY/NJ who can't sell their homes!
IMO, they will never be respected until they start facing reality and address the problems w/RE today.
LOL.....you gota love the spin that people can put on news. Everyday you can listen to CNBC try a put a positive spin on a market that will soon be breaking down and an economy that is dramatically slowing.
The NAR is no different...trying to put lipstick on a pig.....still ends up being a pig nonetheless.
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Talk about the ultimate spinmeisters. If you look at todays news you will note how sales for existing home sales fell in 46 out of 50 states. Nothing new, we all know the housing slump is a major problem w/no hope in the short term.
I went on the NAR's main page and the headline reads as follows...
"A majority of metropolitan areas showed rising or stable home prices in the third quarter, most experiencing modest gains"
New president "Richard Gaylord" said "there is no such thing as a "national housing market, it doesn't perform like equity markets"...
I mean, is this organization and leaders on crack? Who are they trying to kid after all these years of bogus spin propaganda? No National market? OF COURSE IT IS! The people in the Southeast are directly affected by the people in CA & NY/NJ who can't sell their homes!
IMO, they will never be respected until they start facing reality and address the problems w/RE today.
What a freakin joke they are.....
Crack? Nah....they would have to be on acid for these hallucinations. I especially enjoyed those numbers - kinda convenient that they don't include new home sales. Makes a little difference.
Crack? Nah....they would have to be on acid for these hallucinations. I especially enjoyed those numbers - kinda convenient that they don't include new home sales. Makes a little difference.
NAR typically does little with New Homes. Their primary inventory is Resale
Talk about the ultimate spinmeisters. If you look at todays news you will note how sales for existing home sales fell in 46 out of 50 states. Nothing new, we all know the housing slump is a major problem w/no hope in the short term.
I went on the NAR's main page and the headline reads as follows...
"A majority of metropolitan areas showed rising or stable home prices in the third quarter, most experiencing modest gains"
New president "Richard Gaylord" said "there is no such thing as a "national housing market, it doesn't perform like equity markets"...
I mean, is this organization and leaders on crack? Who are they trying to kid after all these years of bogus spin propaganda? No National market? OF COURSE IT IS! The people in the Southeast are directly affected by the people in CA & NY/NJ who can't sell their homes!
IMO, they will never be respected until they start facing reality and address the problems w/RE today.
What a freakin joke they are.....
Sorry - But it appears the HT article is in fact quoting NAR. Exactly which facts are you arguing with...NAR stated 46 states were down but a majority of the metro areas were stable or up. RE estate is quite local..That is why it can be up in Seattle while down 40% in Las Vegas. So what are you arguing with? That NAR tries to find a little light in a dismal picture?
You really shoud find a new hobby. NAR bashing is dull and NAR does not even notice.
NAR typically does little with New Homes. Their primary inventory is Resale
I understand - but I they should be included (at the very least, have their own stats) to get a much better picture.
Quote:
Originally Posted by olecapt
Exactly which facts are you arguing with...NAR stated 46 states were down but a majority of the metro areas were stable or up. RE estate is quite local..That is why it can be up in Seattle while down 40% in Las Vegas. So what are you arguing with? That NAR tries to find a little light in a dismal picture?
RE is local , but the mortgage mess is not. I think that will have a ripple effect, even in the 'healthy' MSA's.
Sorry - But it appears the HT article is in fact quoting NAR. Exactly which facts are you arguing with...NAR stated 46 states were down but a majority of the metro areas were stable or up. RE estate is quite local..That is why it can be up in Seattle while down 40% in Las Vegas. So what are you arguing with? That NAR tries to find a little light in a dismal picture?
You really shoud find a new hobby. NAR bashing is dull and NAR does not even notice.
Hobby? I just happen to post on this website like you and everyone else.
Its not "bashing" when they continue to spin information and provide false hope. For instance, they posted that the median price of homes in Charlotte is UP 11% YOY. That would imply a robust market, correct? Well, I can tell you because I live here that average home prices are down YOY and sales are down 23% YOY. Builders are laying off people left and right. There is TONS of inventory (new, spec, & resale). Resi projects are taking extremely long to complete because there are very few qualified buyers...
But you'll NEVER get that accurate picture from the NAR. You'll get MEDIAN SALES UP 11%......what a crock of crap.
look at some accurate #'s from NC and you'll see what I mean..
Look, I understand what they are doing, I really get it. But for you to blindly defend what they are spinning is rediculous.
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, but the mortgage mess is not. I think that will have a ripple effect, even in the 'healthy' MSA's.
