
If Millennials were really coming back to the real estate market, first-time homebuyer percentages would not be near three-decade lows and falling. Have you noticed that many financial media reporters write stories about what their sponsors want to be true without any facts in support? I understand the urge for self preservation, and even the desire to tell people what they want to hear, but it doesn't improve the credibility of the financial media when reporters fabricate stories about trends and developments that don't in fact exist. MOPE (Management of Perspective Economics) is the false belief that economists and the media can stimulate economic growth and activity by convincing the public the economy is vibrant when it’s really not. This…[READ MORE]