Here to tell the story are:
Robert Shiller, the Yale economist and Irrational Exuberance author, who has indexed U.S. home prices back to 1890; Lawrence Yun, chief economist of the National Association of Realtors; David Lereah, the N.A.R.’s former chief economist, who is now executive vice president of Move, Inc.; Barbara Corcoran, the real estate maven and author; Aviv Nevo, a professor of economics at Northwestern and a co-author of a study about FSBO (for sale by owner) sales versus sales via a realtor; and Amir Korangy, founding editor of the very good New York City real estate publication The Real Deal. Here are their replies:
http://freakonomics.blogs.nytimes.com/2007/08/15/freakonomics-quorum-is-it-time-to-believe-in-the-housing-bubble/
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3 comments:
Zandi: 'This is a full-blown recession in housing'
http://www.marketwatch.com/tvradio/player.asp?guid={7AE3CA10-3E79-4840-87A0-6FDC5F3862FA}
How come you're not posting today's Pending Home Sales results?
Because it's not "good news"?
Sorry, but I have been SO BUSY lately, I did hot have anytime what-so- ever to update this site.
Besides, I never did pay too much attentiont to pending homes sales or actual sales. I have always been more interested in home prices. Yous see, the gloom and doomers at njrereport do not have that much ammunition when it comes to home prices since they have remained flat, so, instead, they devote most of their discussion to sales volume.
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