Posts filed under “Financial Press”

Quote of the day: Realtors Get Real

Amazing quote via the Palm Beach Post on what has some Florida Realtors perturbed:

"Some Realtors are grumbling about prices not falling. Guess who they’re blaming?
Here’s what Thomas Lawler, former Fannie Mae economist and current
president of Lawler Economic & Housing Consulting in Vienna, Va., has
to say in his private newsletter:

"A growing number of Realtors in Florida are frustrated with the state and
national Realtors groups’ efforts to ‘spin’ the market as one that is
strengthening and where home prices are stabilizing.

"Many (though probably not yet most) Realtors are frustrated by customers who
continue to list their homes at price levels that are ‘unrealistic,’ and as a
result, sales volumes – and thus commissions – continue to remain depressed.

"While Realtors have noted to customers that many home builders in Florida
have slashed new-home prices in order to move bloated inventories, many home
sellers are still holding off, hoping – along with FAR and NAR – that prices
will start moving back up soon."

Its seems that the Realtors are trying to "get real," while the NAR continues to stoke unrealistic expectations and illusory hopes . . .

Hat tip:  Kevin Depew Minyanville.

>


Source:
Builders optimistic, survey says
Linda Rawls
Palm Beach Post, Monday, March 05, 2007
http://www.palmbeachpost.com/business/content/
business/epaper/2007/03/05/c1bz_rawlscol_0305.html

Category: Economy, Financial Press, Real Estate

NFP Day (plus, ADP update)

Category: Data Analysis, Economy, Employment, Financial Press

Doug Kass’ top 10

Category: Financial Press, Investing, Markets, Psychology

New Column: Top 10 Myths of Tuesday’s Correction

Category: Economy, Federal Reserve, Financial Press, Markets, Media, Psychology

Market Events & the Blogosphere

Category: Digital Media, Financial Press, Weblogs

More Signs of Housing Stabilization

Category: Financial Press, Markets, Real Estate

Aim Higher

Category: Financial Press, Politics, War/Defense

Headline of the Day

Category: Financial Press

Uh-Oh: It’s A Low, Low, Low, Low-Rate World

Category: Financial Press, Fixed Income/Interest Rates, Markets, Psychology

New Yorker Global Warming

Category: Economy, Financial Press, Science