Housing.com News, Analysis & Opinion: Wednesday Housing News: Operation S%^$! Storm

The true test if this has become a seller's market will come in the spring, when more people will be looking to buy property. Right now it's a lot of nail-biting and doom and gloom, and deservedly so. Patrick won't let Lereah slide any:

NAR is trying its best to dodge the bubble bursting by hiding the facts from stupid realtors and general public. I don’t think that their cheif economist Lereah will be able to do this as standing in front of a train which has already left the station will not do any good to you but only crush you.

Want some more depressing news? How about the fact that the White House is refusing to cooperate with the Katrina investigation, even though it seems that they had early warning of the potential disaster. Astonishing. If that doesn't get your dander up, this ought to: While FEMA has been helpful, Mike Brown -- the former FEMA director who resigned amid intense criticism of his agency's response -- has refused to answer even the simplest questions, Lieberman added.

"Indeed, at yesterday's staff interview of former FEMA Director Michael Brown, agency lawyers advised Mr. Brown not to say whether he spoke to the president or the vice president, or comment on the substance of conversations he had with any other high level White House officials," Lieberman said.

Of course, that isn't stopping Brownie from speaking upon it at paid engagements. "Operation Sierra Storm?" I guess being a fashion god means you have no tact. (Hat tip to Think Progress.)

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Here's yet another bell tolling for the housing market, complete with spin-doctoring from David Lereah. In the words of Chuck D, "Don't believe the hype." Check out this counterpoint from "Crash 2006." They also reference a chart showing Japan's steep decline, which I talked about some yesterday. The true test if this has become a seller's market will come in the spring, when more people will be looking to buy property. Right now it's a lot of nail-biting and doom and gloom, and deservedly so. Patrick won't let Lereah slide any: NAR is trying its best to dodge the bubble bursting by hiding the facts from stupid realtors and general public. I don’t think that their cheif economist Lereah will be able to do this as standing in front of a train which has already left the station will not do any good to you but only crush you. Word. Want some more depressing news? How about the fact that the White House is refusing to cooperate with the Katrina investigation, even though it seems that they had early warning of the potential disaster. Astonishing. If that doesn't get your dander up, this ought to: While FEMA has been helpful, Mike Brown -- the former FEMA director who resigned amid intense criticism of his agency's response -- has refused to answer even the simplest questions, Lieberman added. "Indeed, at yesterday's staff interview of former FEMA Director Michael Brown, agency lawyers advised Mr. Brown not to say whether he spoke to the president or the vice president, or comment on the substance of conversations he had with any other high level White House officials," Lieberman said. Of course, that isn't stopping Brownie from speaking upon it at paid engagements. "Operation Sierra Storm?" I guess being a fashion god means you have no tact. (Hat tip to Think Progress.)