I know I’m a broken record. I get a tremendous amount of value from the National Association of Realtors – from their publications (On Common Ground is tremendous), to the lobbying they do to the information they share â€¦ but as far as home sales data and projections, I don’t understand why there is so much gnashing of teeth and complaining about the NAR’s projections and data. The NAR is a trade organization for Realtors. I’m not bashing the NAR, but I would like to see their analysis put in the appropriate context.
Understanding the Charlottesville area real estate market is a full-time job – representing buyers and sellers, analyzing the market, etc.; making sense of the nation’s housing market – I’d go so far as to say it’s impossible to do accurately or credibly.
For a brief summary of where we are in Charlottesville:
To see the responses to the title question from those on Twitter, read the rest of the story.
In other words, as I wrote in November of last year:
The National Association of Realtors is a trade organization, whose mission is to help its members. I am grateful for what they do with respect to lobbying; someone’s gotta do it. But they are not an unbiased news (heh. do those exist?) organization. Remember that.
My point is people have to stop thinking that â€œa NARâ€ is some kind of public interest group. They are a trade association supporting a business, the same as any other commercial.