Posts Categorized: Myths & Lies

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Would You Trust A Realtor?

Apparently, you would. At least that’s what a Gallup poll released in November 2008 revealed. Although it’s old news I thought it was interesting since I routinely hear people within the industry lament the “fact” that realtors have one of the lowest trust ratings of any profession – next to used car salesmen. Well, it… Read more

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Real Estate’s Top Producer Myth

There are a lot of real estate buyers and sellers in Chicago who erroneously believe that there is some kind of advantage to be gained by working with a “Top Producer”. The industry certainly encourages this belief with numerous rankings across the city or in specific Chicago neighborhoods or within specific offices or brokerages. Thus… Read more

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Standard Measures Don’t Tell The Real Story

There are a few statistical measures that realtors use to monitor the condition of real estate markets. Two of these measures are months supply of home inventory (how many months it would take to sell off the current inventory at the current sales rate) and market time (how many days homes have been on the… Read more

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NAR’s Public Awareness Campaign: Homes Will Appreciate

The NAR has recently released their newest (and totally unbiased I am sure) advertising campaign. The main message of the radio, TV, and print ads is that buyers shouldn’t wait to buy a home. In one of their TV ads, below, they point out that 8 out of 10 economists believe that home prices will… Read more

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Former NAR Economist Comes Clean

I know that this must be a shocker but the former NAR economist, David Lereah, has recently admitted in a Money Magazine interview that he “put a positive spin” on his housing forecasts. Wow! You mean you can’t believe everything the NAR says? Now that he’s no longer getting a paycheck from these folks his… Read more