Tracking the NAR's Spin and Lies

This chart is a brilliant view of the continued spin from the NAR, and how often it has been wrong. I understand the are trying to encourage people to buy and sell, but at some point if you are continually wrong you lose credibility. I know they lost my attention respect a long time ago.

It's ever funnier (or scarier) when you put this chart together with the recent news that Lawrence Yun (the NAR's cheif economist) was named as one of America's top economic forecasters.

And just so we're all on the same page, I'll believe we will have hit bottom when we see the sales decline plateau and start increasing, and inventory stop increasing. Prices will rise after that.

And don't forget, two data points is just a line. Three is a trend.