Friday, April 28, 2006

David Lereah's Latest Quotes

David Lereah, chief economist for the National Association of Realtors said some unexpected things recently.


New Gold Standard (Mish's Global Economic Trend Analysis)
Even 'Methuselah' Loans CanĂ‚’t Save This Housing Bubble (The Housing Bubble Blog)

Good Read.

My favorite Lereah quote is "If you have a healthy local economy it is almost impossible to have a bubble burst!”" Yikes!


  1. Than again, if you had a truely healthy local economy you don't have a bubble in the first place. Right?

  2. Headline at

    Big bounceback in economy.
    First-quarter GDP growth at 4.8% is strong, but not too strong. Key gauge shows dip in inflation pressure.

  3. David,

    OT, but see this ad for someone wanting out of Halstead building two due to "unforeseen circumstances"

    Maybe unforeseen circumstances is code for "a massive glut of condos and desperate, price-reducing flippers bailing out of building one."