tag:blogger.com,1999:blog-13164186.post113210430163746889..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: NAR's Housing Market ReportsDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-13164186.post-1153155410735070722006-07-17T12:56:00.000-04:002006-07-17T12:56:00.000-04:00The market is becoming more "normal" and "leveling...The market is becoming more "normal" and "leveling off". What the agent is referring to is that fact the cost of housing has been so inflated that more and more home owners are feeling like their homes are devaulating rather that adjusting to a normal and stable market value. The value should never had never been so high to begin with... it should be where it is today which is NORMAL!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132187701343367492005-11-16T19:35:00.000-05:002005-11-16T19:35:00.000-05:00In an August letter to Realtors, David Lereah writ...In an August letter to Realtors, David Lereah writes of the upcoming anti bubble reports: "...My staff is working overtime to provide you with the necessary information (reports) to respond to the irresponsible bubble accusations ..." <BR/><BR/>I'm no expert on these things, but shouldn't data be gathered and analyzed first before the conclusions are drawn? It seems Mr. Lereah had the conclusions of his report made up before the data was even gathered, analyzed, and presented.<BR/><BR/>An unbiased approach would be to gather the data, analyze it, and then draw your conclusions from there; the latter approach, in my opinion, is what most people want and why most of these housing market blogs exist in the first place.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132186625510803992005-11-16T19:17:00.000-05:002005-11-16T19:17:00.000-05:00Good work david!Get these NAR people in front of C...Good work david!<BR/>Get these NAR people in front of Congress, along with Fannie Mae and the rest of the suspects.wizardofozziejurockhttps://www.blogger.com/profile/14889563194337494886noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132149374873471622005-11-16T08:56:00.000-05:002005-11-16T08:56:00.000-05:00Thanks for all the feedback. I am hoping Ben Jone...Thanks for all the feedback. I am hoping Ben Jones' blog will pick up on this story. I emailed him.<BR/><BR/>It is time the NAR is called to task for their contradictory, deceitful and lousy reports.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132148000769670232005-11-16T08:33:00.000-05:002005-11-16T08:33:00.000-05:00They're disgusting. All they do is put out crappy...They're disgusting. All they do is put out crappy work intended to keep the party going for themselves, regardless of who it hurts in the long run. Good job picking up on this and keep up the good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132146315549058702005-11-16T08:05:00.000-05:002005-11-16T08:05:00.000-05:00Even the 130 markets are cherrypicked. No Souther...Even the 130 markets are cherrypicked. No Southern California except the generic Los Angeles which it turns out is Los Angeles-Long Beach-Santa Ana whateverinthehell that market might be. <BR/><BR/>Anyone who believes net population migration for Los Angeles-Long Beach-Santa Ana of -143,000 needs a reality check. Los Angeles-Long Beach-Santa Ana added three quarters of a million people 2001-2004. <BR/><BR/>LA has a much higher average occupancy so the NAR believes this magically transforms into a much higher household income. Not. <BR/><BR/>NAR calls mortgage to income rations twice the national average as "neutral." Not. <BR/><BR/>Overall the NAR better hope the world court doesn't prosecute for torturing statistics.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132127145143244192005-11-16T02:45:00.000-05:002005-11-16T02:45:00.000-05:00I agree with David - you should make this your 'Da...I agree with David - you should make this your 'Dan Rather' moment.<BR/><BR/>All of the American bubble blogs should link to David's post here to draw attention to the absolutely shamefully shoddy research by the NAR.<BR/><BR/>If any stock market analyst pulled crap like this they would go to jail.Van Housing Bloggerhttps://www.blogger.com/profile/08547691078400829048noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132127084276949242005-11-16T02:44:00.000-05:002005-11-16T02:44:00.000-05:00This comment has been removed by a blog administrator.Van Housing Bloggerhttps://www.blogger.com/profile/08547691078400829048noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132119797547233922005-11-16T00:43:00.000-05:002005-11-16T00:43:00.000-05:00NAR claims LA rose 65 ONLY as three year appreciat...NAR claims LA rose 65 ONLY as three year appreciation in the first table,<BR/>local fundamentals are negative(net out migration, -ve job growth)<BR/><BR/>in the next table listing median prices for 5 years 2000-2005 in one line, next line lists 66% as growth in 3 years! it is very obvious by looking at the table to see prices doubling in 5 years!<BR/><BR/>ofcourse . comparing 80s servicing cost to todays's is apples to oranges as there were NO Interest only, Option ARM financing available in 80s. down the line it mentions 43% ARMS in 2004<BR/><BR/>Finally while mentioning factors related to LA, why mention "no decline nationally" <BR/>it mentions several non quantifiable factors influencing pricing. but did any of these factors change for better in the last 5 years to influence 100% gain in 5 years? (may bae Disney's new concert hall did it, I Guess!)desi dudehttps://www.blogger.com/profile/13305857326495701867noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132114420867052682005-11-15T23:13:00.000-05:002005-11-15T23:13:00.000-05:00We need more of my fellow housing bubble bloggers ...We need more of my fellow housing bubble bloggers to pick up on these NAR reports.<BR/><BR/>If my readers can help find more holes in these reports and then report in this comments section that would be super.<BR/><BR/>NAR needs to be confronted.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132113508765508572005-11-15T22:58:00.001-05:002005-11-15T22:58:00.001-05:00"irresponsible bubble accusations made by your loc..."irresponsible bubble accusations made by your local media and local academics"<BR/><BR/>yah, what do those ivory-tower academics know? they just research this info all day for years....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1132113495889639972005-11-15T22:58:00.000-05:002005-11-15T22:58:00.000-05:00The media is watching these blogs and hopefully wi...The media is watching these blogs and hopefully will be reporting on NAR's manipulating ways.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.com