Compass Intelligence

Written by Jim the Realtor

July 22, 2025

The first take by our new chief economist, Mike Simonsen.

He doesn’t pull any punches either:

2 Comments

  1. Jim the Realtor

    NAR should have hired him to replace Lawrence Yun, who only seemed decent because he replaced David Lereah who was a clown:

    “In October 2005 Lereah was busy calling the bubble believers ‘Chicken Littles.’ Many of the predictions espoused by the ‘Chicken Littles’ are fast becoming closer to reality. … David Lereah has lost credibility because of his irresponsible cheerleading.”

    “The steady improvement in [home] sales will support price appreciation…[despite] all the wild projections by academics, Wall Street analysts, and others in the media.” Lereah was Chief Economist at the National Association of Realtors when he said this. The day was Jan 10, 2007, just as housing prices steadily worsened falling even farther than many skeptics had predicted.

  2. Shadash

    I have to agree this guy is pretty good. 1000x better than Yun-a-loon.

    When you work for realtors you have to put a pretty face on numbers when theyre not going up. He does this well while providing accurate data with little to no spin (that I could perceive). This translates into believability and credibility.

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