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Propaganda From Re/Max CEO Margaret Kelly: We've Been Wrong Every Month For 5 Years, But Now Is REALLY The Time To Buy (Bloomberg Interview)

Two things to keep in mind.  She is on the Board of the Kansas City Fed, which is Hoenig's bank.  And she is wrong about home ownership being the American Dream.  Read this from Bank of America CEO Brian Moynihan.

Read the full story at Bloomberg

Video - April 20 - Margaret Kelly, chief executive officer of Re/Max International Inc., talks about the outlook for the U.S. housing market.

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Reader Comments (13)

Apr 20, 2011 at 2:47 PM | Registered CommenterDailyBail
Apr 20, 2011 at 2:57 PM | Registered CommenterDailyBail
Obamas' tax return shows big drop in income in 2010

Apr 20, 2011 at 3:01 PM | Registered CommenterDailyBail
First. These are houses on improved land and not "homes."

Second, in what markets are house sales increasing? Who cares if house sales are up in Malibu if such are down in Peoria, Illinois, and Peoria is where you happen to live.

Third, rising prices are irrelevant as all this reflects is a decrease in the buying power of the dollar. That doesn't mean the a house sold today could buy the same quantity of goods as expressed in products as a house sold 10 years ago, ceteris paribus.
Apr 20, 2011 at 3:27 PM | Unregistered CommenterSmack MacDougal
I can't wait to see Obamacareman.
Apr 20, 2011 at 3:28 PM | Unregistered CommenterPatriot Games
She's lying out her ass and she knows it. I swear I saw her nose grow in 3min. Being part of the Fed, she knows the ultimate goal is to own it all. I figure housing has at least 50% more to drop, if not more. Won't make any difference if no one has any money or the money become (more) worthless.
Apr 20, 2011 at 4:41 PM | Unregistered Commenterrobertsgt40
There are lies and lies and damn statistics - M Twain

Are they even 100% positive that they own the mortgage free and clear???.

There seems to be more than a little confusion there

and that is just the begging of the problems

The economy seems to be tanking and home prices will still continue to fall.

You cannot have a jobless recovery.

The dollar is at new lows against the Euro - Which is going to cause inflation or hyperinflation when all that currency they printed and put in circulation really hits the system.

There are other variables at play

I have ocean front property in Nevada if your that gullible

These people really just don't have a conscience

All in a days work you know - just another day at work for these lying whores

Screwing people - Just another day on the job.

There will literally be hell to pay
Apr 20, 2011 at 10:44 PM | Unregistered CommenterI am not amused
In Canada they were saying to buy American homes at a discount for winter getaways. No thanks! We have yet to see the bottom yet!
Apr 20, 2011 at 10:51 PM | Unregistered CommenterBanger
She talks about investors buying homes and not about end-use home owners. Investor sales are deferred sales that come back on the market within a year or shorter. They buy houses in foreclosure and do some cosmetic fixes to sell the house for a quick profit. You need to subtract investor purchases to come up with a real number unless the investor is going to rent the house out over a long term. She really does not know what she is talking about.
Apr 20, 2011 at 11:07 PM | Unregistered CommenterCaptain Dan
This is PURE PROPAGANDA designed to prop up support for corrupt real estate agents. Hope you all burn while this country goes down in financial flames much like Rome ... have fun !
Apr 21, 2011 at 12:41 AM | Unregistered CommenterTim
Oooh, you mean I can RENT the house from the state and local govt.? There is NO SUCH THING as "buying" a home in the USA. If you do not pay the property taxes, you will be THROWN out of the house, into the street. No questions asked. Is this 'owning" the home? No, of course not, it's RENTING.
Apr 21, 2011 at 12:06 PM | Unregistered CommenterGameChanger

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