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November 13, 2007

NAR Economist: Prices are Down! Your Realtor Loves You!

I love industry groups' pet economists. Lawrence Yun, the National Association of Realtors' house economist is on Bloomberg right now, explaining that everything's good (or least less bad than it might seem), despite September pending home sales tumbling from last year, and despite him having, you know, cut his housing forecast numbers every month this year.

Prices are down! People want houses! I love you all! Buy real estate today! G'night everyone!

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