Yun is at it again, shilling irrational optimism to the media who seem only to happy to quote this discredited shill.
“‘The exact timing and the strength of a home sales recovery is a bit uncertain,’ Lawrence Yun, the group’s chief economist, said in a statement. ‘A meaningful recovery in existing-home sales could occur as early as this spring, or it may be further delayed toward late 2008.’” (AP News)
Really? You have lost your credibility. Don't listen to this paid spinner as he has been wrong many times before. He is paid to spin optimistic mesages on behalf of the real estate industial complex (REIC).