Today Show Host Matt Lauer had Jim Cramer, Mad Money Host and CNBC Commentator, and the incoming 2008 President of the National Association of Realtors sparing over Jim Cramers comments that "buying a home now will be a sure way to lose money". The gentleman from the National Association of Realtors was no match for Jim Cramer. Jim Cramer had the facts to back up his statement to not purchase a home in the near future. The National Association of Realtors incoming President attempted to present an argument that had no foundation in fact. Matt Lauer, Today Show Host, asked the representative from the Realtors Association where a good market was to purchase a home. The response from the National Association of Realtors Incoming President was Indiana, Michigan & Ohio. Cramer shot that statement down and countered that those markets were some of the worst areas to buy a home. Sales were down and not expected to rebound for some time in those area and "the other 49 States", per Jim Cramer. Jim Cramer named three markets that were still solid in realestate, Montgomery County, Maryland, Seattle, Washington and Manhattan. Jim Cramer also stated that he spoke with National Home Builder KB Homes. Cramer reported that KB Homes expected the Home Building industry would experience negative sales for the rest of 2007 and into 2008. The notion that the National Association of Realtors would let someone speak on National Television that was so ill-prepared to debate such an important issue makes this scribe wonder how the incoming Representative from the National Association of Realtors was ever elected by his peers. I understand that the Realtors in our Nation do not want to suffer any more than they have of late. However, they will not help their cause with a representative lacking the ability to "spin" a more "positive" tale. The Real Estate debacle in our Country and the continued negative forecasts would require a better debate than was seen today. Comments....................
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