David Lereah: Housing Boom becoming Expansion

David Lereah who is the chief economist of the National Association of Realtors said the housing market is entering a period of transition. "The underlying fundamentals of the housing market are solid and sales will stay historically strong, but they will trend modestly down from current peaks," he said. "Masked by the data are early signs that housing is starting to wind down from a boom and will transition into an expansion" - in other words, a soft landing

Sure. Keep drinking the kool aid. Actually, I think Lereah knows better. He is one of the people mixing the kool aid.