I find it shocking that media still chooses to rely on numbers and opinions from NAR and NAR “economists” (or former ones). These people have discredited themselves so much. Their forecasts have become the laughing stock of housing economists everywhere. It’s incredible.
Reporters could easily find independent economists that could be interviewed, on the record, about housing issues. And some reputable bloggers, like CR, also talk to the media. It really strikes me as gross incompetence from the part of reporters to have NAR as their primary forecast source.
