If you have ever read David Lereah’s biography (Chief Economist for the National Association of Realtors) you will realize that he must be a really smart guy. So of course when I see that he has written an article on the housing market for the October issue of Realtor, I’m anxious to see what he has to say.
For some reason though, there are a few points that he makes that don’t make sense to me. Perhaps his higher grasp of economic principles is beyond my comprehension. I thought I would review a few of his comments here, and maybe someone can explain them to me.
First, the title of the article is A Welcomed Correction. Then he goes on to state Certainly no one wants to see price adjustments dipping into negative territory… Doesn’t that make it an "unwelcomed correction?"