Friday, April 28, 2006

David Lereah's Latest Quotes

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

Read:

New Gold Standard (Mish's Global Economic Trend Analysis)
Even 'Methuselah' Loans CanÂ’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!