Former housing industry economist who famously said there was no housing bubble now admits he was wrong

David Lereah, the National Association of Realtors' former chief economist who famously denied that the housing bubble existed even as it started to pop, is finally admitting that he was wrong. Lereah, whose book

David Lereah, the National Association of Realtors’ former chief economist who famously denied that the housing bubble existed even as it started to pop, is finally admitting that he was wrong.

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