"NAr reaffirms they have no credibility by reporting false increases in sales
It’s no secret that I don’t particularly like the practices of the NAr. They consistently embarrass themselves and their members by putting out false and misleading data and press releases. Credibility comes from telling the truth, even when that truth may be unpopular or contrary to one’s own interests. The NAr has consistently lacked credibility as they have proven unwilling to say anything negative about the prospects for real estate despite a massive decline in sales volumes and resale prices.
They consistently told buyers to purchase homes as sound investments when prices were inflated and falling.
From 2007 through 2011, prices were too high in most markets to warrant purchasing for cashflow investment purposes, and with falling prices, there was certainly no reason to buy for wealth building from appreciation.
Despite these obvious facts, the NAr still urged everyone to buy. It’s a self-serving manipulation designed to generate commissions at the expense of hapless buyers. Shame on the NAr.
Source of NAR Lies. Do not Use a Real Estate Agent in your Real Estate Transaction.
http://ochousingnews.com/news/nar-reaffirms-they-have-no-credibility-by-reporting-false-increases-in-sales?source=patrick.net