The media regulary turns to him for real estate quotes. He is very influential. David Lereah needs to be discredited by the mainstream media. Mr. Lereah tells half truths and manipulates facts and figures. He cannot be trusted as he is a paid shill. David Lereah is the new 'Baghdad Bob.'
"With more sellers competing for the pool of buyers, the pressure on home prices has evaporated in most metro areas. After a full year of double-digit gains in the national median price, the timing is right for a cooling in the rate of growth -- we are presently experiencing a soft landing in the housing sector."
Monday, August 21, 2006
David Lereah Continues To Spout 'Soft Landing' BS
David Lereah, NAR's chief economist, said a market transition is apparent.