David Lereah's Bad Calls Hit Home

This blog always took a very skeptical view of the prognostications of David Lereah, formerly the chief economist of the National Association of Realtors. His relentlessly upbeat take on the market is best captured by the title of his 2005 book: “Are You Missing the Real Estate Boom?” Along the way he earned a reputation as the Baghdad Bob of the real estate industry.

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