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David Lereah, the Chief Economist and SVP of the National Association of Realtors is stepping down. Lereah a complete liar housing bull has been the brunt of criticism for his very optimistic outlooks on housing.
Many people, myself included have chided the NAR for being overly optimistic in its predictions, advertising and public relations. Lereah, whose predictions have been far above what has been reported in the housing market, should thank his lucky stars he is getting out before being sued for misleading the public.
Housing Panic and others have more to say. I say good bye and don’t let the door…
