Ding Dong the Witch Is Dead. The Wicked Witch of the National Association of Realtors, that is. David Lereah, one of the most despised economists in the blogosphere, at least the small cul-de-sac of the blogosphre consisting of bubble-watching blogs, has stepped down from his position at chief economist at NAR. How despised is he? He's been called a liar, a back-pedaller, a paid shill, and has even inspired his own de-bunking blog, David Lereah Watch. How has the news that he's leaving NAR and joining Move Inc. been received? Says David Lereah Watch: "Soon, Mr. Lereah will be much less quoted in the mainstream press. Mr. Lereah's reign of half truths, manipulations and cheerleading will soon be over." We're sure they wish him all the best in his new venture. And by all the best, we mean complete and total, humiliating, public failure.
· NAR's David Lereah: America's most hated economist [Business 2.0]
· David Lereah, NAR Chief Economist, Joins Move Inc. [Earthtimes.org]
· Did the NAR throw David Lereah under the bus? [EliteTrader forums]
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