I believe it's time for Yun to step aside. Just another sad chapter from the National Association of REALTORS on COMMISSION.
Yun has ruined his life, at a young age. Never to be trusted again. Such a shame. But there's one way out Lawrence - TURN ON YOUR EVIL MASTERS. BITE THE HAND THAT FEEDS YOU. ADMIT TO THE CORRUPTION AND LIES. COME CLEAN.
Special Note: Google/Blogger has locked down LawrenceYunWatch and we can't post. Yes, they have the power to do that for absolutely no good reason (or at the request of their REIC advertisers). We're currently "under review" which they say can take up to a month. If anything ever happens to HP, I'll relocate the blog to www.housingpanic.com. FYI.
Here's the anti-Yun editorial today over at SeekingAlpha:
NAR Chief Economist Lawrence Yun continues to prove he's lost in the woods.
I'm sure most of you who have followed the real estate market recall his long list of ridiculous predictions. Do you remember when he claimed house prices would rebound in 2007? His quotes continue to supply stand-up comedians with new material.
One could reasonably argue that Yun is committing consumer fraud by trying to entice people to buy into a market that is poised to fall further. I suppose he thinks his ridiculous predictions will restore confidence in the real estate market. If in fact his role is to spread optimism, the NAR should be legally required to post an appropriate disclaimer stating their real purpose.