I am a real estate agent but there are many times I am embarrassed to be associated with the National Association of Realtors. Reading this article about the state of today’s real estate market is one of those times:
The National Association of Realtors cites lenders’ conservatism and appraisal complications as among the top two impediments to a real estate recovery, according to spokesman Walt Molony. The trade group argues that home sales volumes would rise 15 percent if lending standards simply returned to pre-bubble norms
So the spokesman for the National Association of Realtors is suggesting that we should go back to doing what got us into this mess in the first place? Really? As a real estate agent that is embarrassing.