June 29, 2007
Ladies and Gentlemen, I give you the wise words of Lawrence Yun, newly appointed "Senior Economist" of the National Association of Realtors
Tar and feathers anyone?
I was going to go (kinda) nice on the little guy. No more. Lawrence Yun is a discredited hack, spewing baldfaced lies for an evil organization, and perhaps even more pathetic (is that possible) than the discredited hack that came before him, our friend The Corrupt David Lereah.
Lawrence Yun and the National Association of Realtors are today the laughingstock of America. But sadly, nobody is laughing.
Here's the latest from Yun. And keep up to date with his BS over at http://lawrenceyunwatch.blogspot.com
Consumers are hearing a lot in the media about the correction in housing, and they’re understandably concerned about whether now is a good time to get into the housing market.
To a great extent, we can thank steady media coverage of the real estate market “correction” for unfounded consumer concerns.
If there’s a correction in markets today, it’s in home sales volume and housing starts, not in home prices.
Even a relatively large price decline, such as the 12 percent drop we saw in Sarasota, Fla., cannot reasonably be called a correction when that market had a 150 percent price increase during the boom.