To get a sense of where the animosity toward David Lereah is coming from, here's a look at some of the former NAR economist's now-infamous musings:
From MarketWatch, via The Wall Street Journal:
January 2007
Lereah's forecast: "The good news is that the steady improvement in sales will support price appreciation moving forward."
Actual sales: Fourth-quarter sales fell at an annual rate of 2.3% to 6.24 million.
Lereah's post-mortem: "It appears we have established a bottom."
See the rest here.
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