Tuesday, July 31, 2007

From HousingPANIC: Real Economist (NOT Lawrence Yun) Quotes of Brilliance

"No one is buying into their Kool-Aid; that's why prices are falling"

- Paul Kasriel, chief economist with Northern Trust in Chicago, questioned the Realtors' assessment that this is a good time to enter the market, saying weak sales and prices suggest that potential buyers are smart to be sitting on the sidelines right now.

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