When everyone who is supposed to be giving you accurate advice and information is exposed as an industry shill, be careful that you’re not hiring a real estate agent who is a “salesperson”. One who is advising you based upon ‘their’’ best interests.You need a trusted advisor and consultant. If your agent starts off by telling you that it is a great time to buy or sell, without an in depth analysis of your particular situation and goals…RUN FOR THE HILLS!
Below are a few select quotes from ‘the best minds in the business’:
“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.” – David Lereah, NAR economist – August 2005
“The steady improvement in home sales will support price appreciation despite all the wild projections by academics, Wall Street analysts, and others in the media.” – David Lereah, NAR economist – January 10, 2007
David Lereah wrote the book Why the Real Estate Boom Will Not Bust—And How You Can Profit from It, which was published in February 2006. According to Lereah, he voluntarily decided to leave the NAR in mid-2007 as home prices began their 40% plunge over the next four years. He then admitted in an interview with Money Magazine in 2009 that he was nothing but a shill for the real estate industry,“I was pressured by executives to issue optimistic forecasts — then was left to shoulder the blame when things went sour. I was there for seven years doing everything they wanted me to. I worked for an association promoting housing, and it was my job to represent their interests. If you look at my actual forecasts, the numbers were right in line with most forecasts. The difference was that I put a positive spin on it. It was easy to do during boom times, harder when times weren’t good. I never thought the whole national real estate market would burst.”
“...given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.” – Ben Bernanke – May 17, 2007
“Buyer traffic is continuing to pick up, while seller traffic is holding steady. In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country. We expect a seasonal rise of inventory this spring, but it may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth.” – Lawrence Yun – NAR economist – February 21, 2013
 |
| And THIS is exactly what I am referring to!! Is now the best time for everyone to buy real estate?..Really? I have blurred the franchise name to protect the guilty. |
Even if you have a brother-in-law, wife of a co-worker, neighbor, etc., that has a real estate license…please call me and lets discuss your current situation, needs and goals.
Thanks for reading…Steve Jackson
561.602.1258
