Getting Better Every Month

WHATEVER

The National Association of Realtors' past and current chief economists have been much maligned for their interesting/creative/criminal takes on the state and future of the housing market. I think today’s headline takes the cake: in the face of accelerating deterioration of the housing market (this time a year-over-year 8% decline in prices and inventory close to record levels) the current NAR Chief Economist, Lawrence Yun, spun the news to claim the market is now “better positioned for a turn-around.” It’s been getting better month-after-month, and will likely be in an even better position next month.

For anyone who hasn’t listened yet, Ira Glass and the crew at This American Life has put together a very interesting piece on the current housing crisis called “Giant Pool of Money”.