Lereah Out

National Associates of Realtors economist David Lereah, who was an embarrassment to decent Realtors everywhere, is leaving the NAR. I can only assume that the NAR belatedly realized that their strategy of self-serving disinformation was not serving their long-term interests, and that they threw that strategy’s poster boy to the wolves. Of course, I have no proof at all of this assumption — perhaps Lereah got sick of being a national punchline and left voluntarily.

Either way, it would be nice if this development heralded a move towards more ethical and forthright behavior on the part of the NAR. I’m not getting my hopes up.