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The NAR Are So Wrong!

May 5, 2009

Analysis of:Is Now the Time for Some Home Buyers to Make a Deal? | www.cnbc.com

The NAR are incorrect in their analysis of the market, for the following reasons 1. A huge number of foreclosure holidays ended in March and are currently proceeding through the foreclosure system. This will mean a massive number of properties flooding the market this summer. 2. The number of sales in proportion to the amount of foreclosed homes coming onto the market is going to further decline house prices this summer by as much as 20% in certain markets 3. Due to this "bulge" the market will not start to see any type of REAL good news until 2010. The NAR are trying to over sell the positive news but it is only the calm before the storm...

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