NAR Shill Speaks
January 25th, 2007 by 
reality
WASHINGTON (MarketWatch) — “Sales of U.S. existing homes fell 0.8% in December to a seasonally adjusted annual rate of 6.22 million, a national real estate group reported Thursday. Sales in December were down 7.9% compared with December 2005. Inventories of unsold homes fell 7.9% to 3.51 million, representing a 6.8-month supply, the National Association of Realtors said in the report. `It appears we have established a bottom,’ said David Lereah, chief economist for the NAR.”
No, David. We have established an ass, though.
Posted in Real Estate | 