Thursday, July 31, 2008

Glenn Beck Mocks the Yun & Lereah

Glenn Beck mocks the current and former chief economists at the National Association of Realtors, Lawrence Yun & David Lereah for the their history of bad predictions.

Thursday, July 24, 2008

Yun Keeps on Spinning!

The NAR releasesd their monthly existing home sales figures for June. Bloomberg reports:

Resales dropped 2.6 percent to a lower than forecast 4.86 million annual rate from a 4.99 million pace the prior month, the National Association of Realtors said today in Washington. The median home price dropped 6.1 percent from June last year.

``There are signs of pent up demand,'' Yun said during the press conference. ``People are very hesitant to enter the market because of price declines.'' A stabilization in prices would bring first-time buyers into the market, allowing current owners to move up in the market, he said.

Yun added " "I think we are very near to the end of the housing downturn," Yun said (AP News).

Keep spinning Yun! According to Yun and the NAR it is always a good time to buy a housing unit. Also, the recovery is just around the next corner.

You, Yun, have lost your credibility and should resign in shame!

Thursday, July 10, 2008

Wikipedia Article Needed for Lawrence Yun

There is a need for a Wikipedia article on Lawrence Yun (chief economist for the National Association of Realtors). But, there is a solid article about Yun's predecessor David Lereah. Volunteers are needed to create a Wikipedia entry on Lawrence Yun

For more information about Mr. Yun please read this blog.