How Dumb Does the NAR Think Homebuyers Are?

Tim Iacono submits: The amount of misdirection coming from the NAR (National Association of Realtors) seems to be inversely correlated with the skittishness exhibited by potential buyers as seen in comments for yesterday's report on existing home sales.Sales of previously owned homes in the U.S. made a new 10-year low in June, down 2.6 percent from May and almost 16 percent below year ago levels, while inventory poked back above the 11 month mark for the second time in the last three months.Complete Story »