He made us do it folks... He made us do it..
David (from bubblemeter and davidlereahwatch) and I are going to stay on top of Yun (TCLY), who is now the NAR's trained poodle, picking up right where TCDL left off.
Someone had to do it...
This tidbit is what should prove to everyone that the NAR is completely discredited, they're run by monkeys, and Lawrence Yun has sold his soul to the devil for a tiny bag of gold.
Lawrence - it's not too late. Resign, stop your evil deeds, repent, come clean, and move away from the Dark Side. People are laughing at you!
“We continue to experience a temporary distortion in comparing median existing-home prices,” Yun said. “Because the sales volume has shifted from many high-cost areas to moderately priced markets, we’re not getting a true apples-to-apples comparison. When you look at other measures, such as this week’s price index from Freddie Mac which is based on repeat sales, overall home prices are rising slowly.”
“Buyers today need to have a traditional view that housing as a long-term investment is an added benefit to their shelter expense. If so, that investment generally will build a nice nest egg over time, especially if they use a traditional mortgage instrument that reduces debt,” Yun said.