Oh, the Humanity!

Peter Coy

Every problem has to have a public face, and to many people, David Lereah is the public face of the housing slump.

Oh, the Humanity!
There is an entire blog devoted to trashing the genial Lereah, who is chief economist of the National Association of Realtors. People say Lereah was too upbeat about house prices in the boom (he wrote a badly timed 2005 book called "Are You Missing the Real Estate Boom?"). Now, they say, he has overreached to put a positive spin on the downside.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.