Housing Boom or Bust?

Last March, I criticized the National Association of Realtors for spinning the data (really, for lying) to make it look like the housing bubble wasn’t bursting. It turns out that the Realtors’ economist who wrote that paper, David Lereah, has been widely criticized for such things.

Some call him the realtors’ equivalent of “Baghdad Bob,” the guy who claimed that American soldiers were losing to the Iraqi army.

Continue reading