Tuesday, July 27, 2010

World Gold Council vs. National Association of Realtors®

World Gold Council

The World Gold Council’s mission is to stimulate and sustain the demand for gold and to create enduring value for its stakeholders.

July 28, 2010
Gold demand to remain upbeat this year: WGC

Gold is always considered a safe investment during economic uncertainty and moves inversely with the dollar.

It is? It does? Note the word "considered". What's it doing there? Why not just say that gold is always a safe investment and that it always moves inversely with the dollar? Could it have something to do with the early 1980s? Investors were extremely uncertain then. They drove gold's price up to bubble levels. For the next 20 years gold turned out to be a lousy investment though. Not only did its price not rise in inflation adjusted terms, it didn't even rise in nominal terms.

National Association of Realtors®

The core purpose of the NATIONAL ASSOCIATION OF REALTORS® is to help its members become more profitable and successful.

May 9, 2005
NAR forecast: rates, housing prices rise modestly

Your home will continue to be one of your best investments this year, if the latest forecast from the National Association of Realtors is correct.

March 13, 2006
NAR sees unrealistic expectations in housing market

"At the same time, some buyers who have believed hype about a housing bubble are hoping housing prices drop, but that's not happening either."

November 3, 2006
NAR media blitz aims to lift housing

"The market is much better than you might hear or read," Steven says. "Consumers should take advantage of this perfect alignment of low rates and extraordinary inventory before market conditions change."

January 11, 2007
NAR's Optimism Over Housing Outlook Grows

David Lereah, NAR's chief economist, says, "We have to keep in mind that we were still in boom conditions during the first quarter of 2006 with a high sales volume and double-digit price appreciation. “We're starting 2007 from a relatively low point, so even with a gradual improvement in sales it'll be pretty much of a wash in terms of annual totals. The good news is that the steady improvement in sales will support price appreciation moving forward.”

August 27, 2007
Has the Mortgage Crisis Finally Peaked?

Existing-home sales were down 8% in September, but the National Association of Realtors claims mortgage availability is finally improving

September 16, 2008
The housing crisis: How we got here

On balance, real estate marketers contributed to the hype and glossed over problems such as risky loans and minimal down payments. Many probably believed real estate prices could never fall. Case in point: The chief economist of the National Association of Realtors (NAR) wrote a book during the bubble titled “Why the Real Estate Boom Will Not Bust – and How You Can Profit From It.”

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