When Not to Talk to the Media?:

You’re the president of the National Association of Realtors, and in the real estate business yourself. The house you’ve been trying to sell for $1.45 million has been sitting on the market for a year, and you’ve already moved to a new residence. The agent you hired to sell your house advised you to drop the price, but you refused. Meanwhile, over the last year, nominal prices have gone down, especially on upper-price-range homes, probably at least 10%. So you’ve lost interest or capital gains on $1.45 million, and you’re still trying to get a price that you couldn’t get in a stronger market, and that your own agent tells you is unrealistic. Do you give an interview to the Washington Post, explaining all this? I’d say no, but the answer is apparently “yes.”

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