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Coldwell Banker CEO BSing on Street Video

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September 26, 2007 – Comments (0)

"there is no bubble."

Exactly the kind of garbage you would expect to get from the CEO of Coldwell Banker. Quotes NAR estimates (wishful thinking, and always wrong) of price appreciation in the face of REAL numbers from Case/Shiller that show major, and accelerating price declines, from 3.9% to 4.5% over many markets, with huge drops in certain places.

At least he is muted on the subject of a federal bailout.

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