June 6, 2009

Here's some NAR / realtor dirty laundry. "The consumers don't know how bad you are NAR, and you're really, really bad."



"The National Association of realtors is not what they claim to be. You folks have no elements in place to protect the real estate consumer."

"You need to fire them. You need to stop using realtors"

http://www.realestateindustrywhistleblower.com/

8 comments:

Anonymous said...

Ehhhh.

Neither the realtwhores nor the mortgage brokers could of(sic) done jack without the river of dirty cash stripped from purchasers of AAA liar loan-backed securities.

Follow the money. Without it, none of this would have happened.

Mick said...

Internet you tube, the fastest way to make an ass out of yourself and become the joke of the town and never get a job again for life, and most likely get locked up in the looney bin

Anonymous said...

Pat?

Anonymous said...

Real Estate Market Snapshot

Modesto, CA

Homes for Sale__420___$159,950
Foreclosures__4,002___$195,000

Los Banos, CA

Homes for Sale__102___$138,900
Foreclosures__1,284___$208,000

Stockton, CA

Homes for Sale__382___$180,000
Foreclosures__6,784___$200,000

Bakersfield, CA

Homes for Sale_2,196__$165,000
Foreclosures__7,908___$172,532

Madera, CA

Homes for Sale__196__$179,500
Foreclosures__1,503__$190,000

Antioch, CA

Homes for Sale__172__$219,900
Foreclosures__2,215__$267,750

Pittsburg, CA

Homes for Sale___89__$209,900
Foreclosures__1,358__$252,000

Sacramento, CA

Homes for Sale_1,288_$199,900
Foreclosures__10,113_$197,881

Look at the 10 Year Market Value Change.

Go to Research National market conditions and mortgage rates (change location)

Click on (change location)

Then type some of the following cities listed above

http://realestate.yahoo.com

Anonymous said...

This punk needs to audition for the Vienna Boys Choir.

His balls must have taken along with his dignity.

LOSER

Anonymous said...

Why are banks still trying to hold their REO.

Do the banks still think a Japanese style housing deflation can not happen in the US.

http://www.livemint.com/2009/
06/07223555/Why-home-prices-
may-keep-falli.html

After the bursting of the Japanese housing bubble in 1991, land prices in Japan’s major cities fell every single year for 15 consecutive years.

Why does this happen? One could easily believe that people are a little slower to sell their homes than, say, their stocks. But years slower?

Several factors can explain the snail-like behaviour of the real estate market.

An important one is that sales of existing homes are mainly by people who are planning to buy other homes.

So, even if sellers think that home prices are in decline, most have no reason to hurry because they are not really leaving the market.

In fact, most decisions to exit the market in favour of renting are not market timing moves.

Instead, they reflect the growing pressures of economic necessity.

This may involve foreclosure or just difficulty paying bills, or gradual changes in opinion about how to live in a downturn.

Anonymous said...

Would the National Association of Realtors approve of the following video.

http://www.businessweek.com
/magazine/content/
09_24/b4135026913979.htm

Foreclosure: Now an Upscale Blight

Rising job losses and falling home prices are dragging down people who never dreamed they would get in trouble

But housing can't revive as long as the market is being flooded with homes that are falling into foreclosure. And far from going away, the problem is broadening. It's not just about subprime anymore.

Now, people with excellent credit who never dreamed of getting in financial trouble are being dragged down by a dangerous cycle of rising unemployment and falling home prices.

That is going to prolong the foreclosure crisis and, inevitably, inhibit the recovery of the rest of the economy.

Any illusion that prime loans would emerge unscathed was shattered by a May 28 report from the Mortgage Bankers Assn.

"For the first time since the rapid growth of subprime lending, prime fixed-rate loans now represent the largest share of new foreclosures," the bankers said.

Dopes said...

I'D LIKE TO WATCH THAT LESBO BEAT THE HELL OUT OF DAVID LEREAH AND LAWRENCE YUN!!!