Mr. Lereah Called ‘Soft Landing’ in 2006; It didn’t come. Now, He Has No Job, and His Portfolio Stinks.
On a recent weekday, David Lereah sat in the sunroom of his five-bedroom colonial house. The only sound was the yapping of his dog Maisy.Once one of the world’s most-visible housing experts, Mr. Lereah is disconnected from his old life. The former chief economist for the National Association of Realtors says the group’s top executives won’t return his phone calls. He says he wasn’t invited to the association’s 100th birthday bash last May.Mr. Lereah, 55 years old, is one of many prognosticators who won professional accolades during the housing boom, only to see their reputations wither in the bust…In 2005, he published his second book, “Are You Missing the Real Estate Boom?”
By Nancy Keates, Jan 12, 2009 WSJ
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