Another inflection point
Well, this isn't exactly an inflection point, but it is something I've just started to notice. And it is probably worth paying attention to (as it relates to the stages of a bubble).
The MSM seems like they are starting to call out NAR a little bit now. At the very bottom of this article on CNN (emphasis mine):
They clearly aren't calling NAR dirty liars yet, but these aren't quite the kiddie gloves either. I think we're starting to see a psychological shift now on the national level to view promises of real estate wealth a little more skeptically. We're still a long ways from the everyone's bailing meme, which will probably mark the bottom of the market however.
The MSM seems like they are starting to call out NAR a little bit now. At the very bottom of this article on CNN (emphasis mine):
The NAR take on price trends, usually an optimistic one, was that recent steps taken in Washington would lead to improved conditions later this year.
They clearly aren't calling NAR dirty liars yet, but these aren't quite the kiddie gloves either. I think we're starting to see a psychological shift now on the national level to view promises of real estate wealth a little more skeptically. We're still a long ways from the everyone's bailing meme, which will probably mark the bottom of the market however.