i love how these jokers start making "forecasts" after the trend has clearly established itself. "hey, after the shit has been unwinding for 6 months, lets start covering stories on how things are not going well" .. LOL
having that realtor at the end yap about "a classic move-up market" is a great example of a big problem in how people get their news.. NOBODY comes on with contrarian forecasts because they have nothing to gain. the only research comes from biased organizations, ie the economist for the realtors, brokers etc who are on the tv telling everyone how great things are. what else would u expect when u go to bob rennie to ask him how things are? a month ago he said now is the best time to buy and that he just bought a few more unit himself. LOL
i've never once seen an interview with anyone who didn't have some sort of vested interest in the field. they should be talkin to appraisers to get the real deal. fund managers, people who run money would have told you that residential stopped making sense a few years ago, commercial as well. having said that who knows if they would be willing to come on tv and tell u that. unfortunately they probably wouldn't.