Humor? - NAR's Chief Economist - Housing Headlines

Thanks to Kevin Depew comes this hilarious history of Housing headlines:

"According to NAR "chief economist" David Lereah, the housing data released yesterday afternoon "confirms 2006 was the year of contraction."

Now that implies Lereah might have, at any point last year, actually suggested that 2006 might be the year of the contraction, which the data now apparently confirms. 

Let's take a look:

Source:
Largest Home Price Drop Ever!
Kevin Depew
Minayville, Feb 16, 2007 8:03 am
http://www.minyanville.com/articles/index.php?a=12177