Friday, December 19, 2008

Leslie Appleton-Young, Part II

Leslie Appleton-Young, Chief "Economist", California Assoc of Realtors
(Part I)
Hat tip to Captain Credit Crunch.

This is classic NAR propaganda. You can't make this stuff up; it's absolutely priceless! Are these the kind of people you want to listen to when you make 'the most important purchase of your life.' Absolutely no accountability for their false statements.

DataQuick: Bay Area median home price sinks to 8-year low

2007-04-10: Economist sees Marin holding its own in housing slump
"It's God's country, what can I say," Leslie Appleton-Young, chief economist for the California Association of Realtors, told an audience of agents Tuesday in Terra Linda. "When is the 30 percent decline in Marin County's market going to happen? Not in my lifetime." (Is she dead?)

"It's important to keep it in perspective. Do you really know anyone who thinks, 'Gee, I'm so sorry I bought in the Marin market?'"

Despite the problems in the housing sector, Appleton-Young noted that the economy is growing at a moderate pace, interest rates are relatively low and job creation has been steady in California. Also, the commercial real estate market has been "on fire," suggesting brisk job growth and investment, she said.

"It doesn't look like there's a recession coming any time soon," she said.

2008-12-18: Another month of plummeting home sales in Marin
Another month of plummeting home sales in Marin included a price drop of nearly 30 percent from November 2007, as discounted foreclosure sales continued to drive the Bay Area market.

The median price of a single-family home in Marin last month was $790,000, down from $975,000 last year, and 104 single-family homes were sold, down from 160 in November 2007, MDA DataQuick of San Diego, a real estate information service, reported Thursday.


Christian Dunn said...

I wish you all the best. Happy Holidays.

Slander and negativity is not what we need right now.

Thank you!

Christian Dunn

tom12008 said...

Negativity? OK, inasmuch as calling a mistake a mistake is negative. But to tell the truth is positive, and I am curious as to which part of this post is erroneous.