Arghhhhhhhhh! Come on folks, isn't it obvious that the National Association of Realtors (NAR) is in the business of selling houses? This means that when their "experts" give their assessment of the housing market, it comes with a certain bias.
David Lereah, the former chief economist of the NAR has moved on to greener pastures, but it seems that the media are still treating statements from the NAR with the exact same lack of scrutiny as before. USA Today ran an AP story in which the only expert cited was Pat Combs, the president of the NAR and the vice-president of Coldwell Banker-AJS-Schmidt.
Unlike many news organizations, the Prospect has remained staunchly committed to keeping our journalism free and accessible to all. We believe that independent journalism is crucial for a functioning democracy—but quality reporting comes at a cost.
This year, we’re aiming to raise $75,000 to continue delivering the hard-hitting investigative journalism you’ve come to expect from us. Your support helps us maintain our independence and dig deeper into the stories that matter most.
If you value our reporting, please consider making a contribution today. Any amount helps secure our future and ensure we can continue holding power to account.
