Media Appearance — These Days

I was very disappointed with
I was very disappointed with yesterday’s UT article concerning Anderson’s Forecast.

Anderson projects that “prices will decline less than 2% through next summer, then start to rebound”. Less than 2%!? Based on what???

I am getting sick and tired of hearing all these “experts” call the bottom, but have nothing to back it up. For the last 2 years, these “experts” have been saying that prices would not go down, and now that they have gone down, they continue to say that we’ve bottomed and will be rebounding. They have been continuously wrong, yet the media continues to go to these “experts” for their forecasts month after month. They have no credibility with me.

Yet here we are here on this board, the majority of us have been making accurate predictions about the housing market for the last 2-3 years, and no one is coming to us asking for our take (except Rich, go make us proud tomorrow!)

I would like to know more about who sponsors Anderson. I wouldn’t be surprised if many of the sponsors have a vested interest in talking up the economy and downplaying the housing correction.

This is from the Anderson Forecast Website: “The Forecast Seminar, a quarterly forum sponsored by major corporations, state agencies, and local governments, gives members access to new developments in forecasting technology and software development. Seminar members include Western Financial Bank, Wellpoint Health Networks, Southern California Edison, State of California entities such as the Department of Finance, California Technology, Trade & Commerce Agency, and the State Controller�s office.”