tag:blogger.com,1999:blog-63289745051262166272024-03-05T10:10:38.834-08:00Lawrence Yun Watch - Follow the NAR's hack as he denies the housing bubble and crashHousing Bubble? Housing Crash? Nah! Party On! It's different this time!bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-6328974505126216627.post-52438445841849429622011-12-21T05:25:00.000-08:002011-12-21T05:28:24.566-08:00Lawrence Yun To Revise Down Years of Mistaken Home Sales FiguresLawrence Yun and his ilk at the National Association of Realtors (NAR) cannot be trusted. You should be sorting colored balls for a living.Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com0tag:blogger.com,1999:blog-6328974505126216627.post-70102116746412053302009-02-10T05:18:00.000-08:002009-02-10T05:25:29.836-08:00Yun Takes 'Full Responsibility' For His ActionsLawrence Yun takes full responsibility for everything he does. The <a href="http://lansner.freedomblogging.com/2009/02/09/nar-chief-economist-said-he-doesnt-publish-happy-news/14116/">Orange County Register reports</a>:<br /><br /><blockquote>“Whatever I say, I take full responsibility for everything I do,” Yun said moments before addressing more than 200 people at the Orange County Association of Realtors headquarters in Laguna Hills.</blockquote><br />Are you going to take responsibility and resign? You are a discredited shill for the Realtors and have been made many predictions that were way off. For example in July 2008 Yun stated "I think we are very near to the end of the housing downturn," Yun said (<a href="http://www.breitbart.com/article.php?id=D924BIGG0&show_article=1">AP News</a>).Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com11tag:blogger.com,1999:blog-6328974505126216627.post-69143972015095920352009-01-07T04:55:00.000-08:002009-01-07T05:59:20.235-08:00Lawrence Yun Pleads for a Real Estate StimulusThe real estate market has declined dramatically in the last couple of years. With Washington, bailing out various industries out left and right the real estate industry has lined up at the trough, pleading for assistance from Washington.<br /><br /><blockquote>"A real estate-focused stimulus plan is urgently needed," Lawrence <span class="blsp-spelling-error" id="SPELLING_ERROR_0">Yun</span>, the trade group's chief economist, said in a statement. (<a href="http://finance.yahoo.com/news/Pending-home-sales-plunge-to-apf-13977780.html">AP</a> 1/6/09)</blockquote><br />There is already too much investment and too many subsidies of the real estate market. The government should not approve any real estate focused stimulus plan. The real estate industry has been discredited and cannot be trusted. Mr. <span class="blsp-spelling-error" id="SPELLING_ERROR_2">Yun</span> should be ashamed of his shameless shilling for the economic pariahs that are the National Association of Realtors.Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com8tag:blogger.com,1999:blog-6328974505126216627.post-21447276225977416642008-10-08T09:49:00.000-07:002008-10-08T09:54:39.924-07:00Yun Changes His 2008 'No Recession' Prediction<em>Back in later 2007 "</em>In predictions supplied to <a href="http://www.usatoday.com/money/economy/2008-03-16-top-economist_N.htm">USA Today</a>, Lawrence Yun predicted that there would not be a recession in 2008<em>."</em><br /><br />"Yun now expects growth in the U.S. gross domestic product (GDP) to contract for two consecutive quarters, in the fourth quarter of this year and the first quarter of 2009. (<a href="http://www.sunherald.com/455/story/866064.html">Sun Herald</a>)" <em>In other words, Yun is now saying a recession beginning in the 4th quarter of 2008 and continuing into 2009. </em><br /><em></em><br /><em>Once again, Yun's prediction has changed dramatically, due to reality not jiving with his prediction.</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com8tag:blogger.com,1999:blog-6328974505126216627.post-6179601827843027422008-09-20T22:32:00.000-07:002008-09-20T22:35:23.384-07:00Yun Criticizes Bernanke & Media on Negative Stories on Hounsing<span style="font-style: italic;">Yun criticizes Bernanke & media on negative stories on hounsing. The </span><a style="font-style: italic;" href="http://timesunion.com/AspStories/story.asp?storyID=720916&category=BUSINESS">Times Union reports</a>:<br /><br />The reason for that gap, in Yun's view, is eroding consumer confidence largely caused by negativity, both in the media and elsewhere, about the market. Yun, by contrast, is more optimistic, believing the housing slump is nearly over.<p>"The winter months are always weaker (for home sales), but this winter will be better than last winter," he said. "There is this great pent-up demand that cannot be held back any further."</p><p>Events of the last few days might make such economic optimism seem far-fetched. And even Federal Reserve Chairman Ben Bernanke has predicted continuing housing market weakness.</p><p>Yun, in fact, on Monday rebuked Bernanke for such predictions, saying if it's inappropriate to forecast stock or oil prices, "it is inappropriate to comment on home prices, because people react to that."</p><p>To applause from his Realtor audience, Yun said he had made that point in a letter to Bernanke.</p><p>And he rued that former Fed Chairman Alan Greenspan is also issuing more negative housing market predictions.</p><p>"But there's little that can be done about that," Yun said.</p>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com7tag:blogger.com,1999:blog-6328974505126216627.post-62818365859867653292008-09-15T19:20:00.000-07:002008-09-20T22:35:42.781-07:00Yun Call New GSE Lending Standards 'Overly Stringent'"Overly stringent lending criteria imposed by Fannie Mae and Freddie Mac in the past month no doubt held back contract signings," said Lawrence Yun, NAR chief economist. (<a href="http://www.tmcnet.com/usubmit/2008/09/14/3649134.htm">Chattanooga RE</a> 9/15/08)<br /><br /><span style="font-style: italic;">Was he complaining about the loose lending standards, which led to the collapse of Fannie & Freddie, during the boom years?</span>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com2tag:blogger.com,1999:blog-6328974505126216627.post-19873978143810722002008-08-25T11:46:00.000-07:002008-08-25T11:47:42.146-07:00Yun InterviewLawrence Yun being <a href="http://www.cnbc.com/id/15840232?video=831627301&play=1">interviewed</a> by Diana Olick (CNBC)Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com0tag:blogger.com,1999:blog-6328974505126216627.post-22881886656016121032008-07-31T09:13:00.001-07:002008-07-31T09:14:00.250-07:00Glenn Beck Mocks the Yun & Lereah<p>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.<br /><br /><object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/-89orGT8pP8&hl=en&fs=1"><param name="allowFullScreen" value="true"><embed src="http://www.youtube.com/v/-89orGT8pP8&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object></p>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com2tag:blogger.com,1999:blog-6328974505126216627.post-84828923300764154202008-07-24T10:12:00.000-07:002008-07-26T20:03:09.177-07:00Yun Keeps on Spinning!<em>The NAR releasesd their monthly existing home sales figures for June. </em><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJKi2gVxZVVk&refer=home"><em>Bloomberg reports</em></a><em>:</em><br /><br />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.<br /><br />``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.<br /><br />Yun added "<span class="lingo_region"> "I think we are very near to the end of the housing downturn," Yun said (<a href="http://www.breitbart.com/article.php?id=D924BIGG0&show_article=1">AP News</a>).<br /><br /></span><em>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. </em><br /><em></em><br /><em> You, Yun, have lost your credibility and should resign in shame!</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com5tag:blogger.com,1999:blog-6328974505126216627.post-32603329325545317572008-07-10T06:07:00.001-07:002008-07-10T06:08:07.988-07:00Wikipedia Article Needed for Lawrence Yun<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeuYXtp6HffxlqObQI_y_gfHAp5J8naO8BpL6pQHjng-i13-WdsM5B9PTNtDfaRfMV_-Ynz8h6WLm6nCWGkczMbmXfNA4Zpdhw65ZVxCObJ2n8AXCj-Gt10EZi6_h33SVu9CXQ1EhyKV4/s1600-h/wikipedia.JPG"><img id="BLOGGER_PHOTO_ID_5221370106222889298" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeuYXtp6HffxlqObQI_y_gfHAp5J8naO8BpL6pQHjng-i13-WdsM5B9PTNtDfaRfMV_-Ynz8h6WLm6nCWGkczMbmXfNA4Zpdhw65ZVxCObJ2n8AXCj-Gt10EZi6_h33SVu9CXQ1EhyKV4/s400/wikipedia.JPG" border="0" /></a><br /><div><em>There is a need for a Wikipedia article on </em><a href="http://en.wikipedia.org/wiki/Lawrence_Yun"><em>Lawrence Yun</em></a><em> (chief economist for the National Association of Realtors). But, there is a solid article about Yun's predecessor </em><a href="http://en.wikipedia.org/wiki/David_Lereah"><em>David Lereah</em></a><em>. Volunteers are needed to create a Wikipedia entry on </em><a href="http://en.wikipedia.org/wiki/Lawrence_Yun"><em>Lawrence Yun</em></a></div><div><em></em></div><div><em></em></div><div><em></em></div><div><em></em></div><div><em></em></div><div><p><em>For more information about Mr. Yun please read this blog.</em></p></div>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com0tag:blogger.com,1999:blog-6328974505126216627.post-86268544109674854742008-06-17T16:32:00.001-07:002008-06-20T11:33:07.827-07:00Is This Guy for Real?<div style="TEXT-ALIGN: center"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzUv108-Tiu8gJEWjti_G0Qj9HkRtRT1dvzN_pQfpXTTzGcS__pUBdUJIyDQXQUXQ5fjt13U3pBQL-GPNE-bPHokmbNLD84eio8w7a9N4cEXMRt1cIislc6UYPfblDeqRLVtkvc1RMni4/s1600-h/yunslide.JPG"><img id="BLOGGER_PHOTO_ID_5212997540461107362" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: pointer; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzUv108-Tiu8gJEWjti_G0Qj9HkRtRT1dvzN_pQfpXTTzGcS__pUBdUJIyDQXQUXQ5fjt13U3pBQL-GPNE-bPHokmbNLD84eio8w7a9N4cEXMRt1cIislc6UYPfblDeqRLVtkvc1RMni4/s400/yunslide.JPG" border="0" /></a><br /><span style="FONT-STYLE: italic">A Powerpoint Slide from a Recent Real Estate Presentation </span><br /><span style="FONT-STYLE: italic">by Lawrence Yun in June 08<br /><br /></span><div style="TEXT-ALIGN: left"><span style="FONT-STYLE: italic"></span><em>Is this guy for real? Calling a few large cities in the US 'Superstar Cities Defy Gravity' when it comes to housing prices in the next five years. Mr. Yun has lost credibility and is obviously a paid spinning shill. T he Realtors should fire him as he has lost his credibilty.</em><br /><span style="FONT-STYLE: italic"></span></div></div>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com6tag:blogger.com,1999:blog-6328974505126216627.post-22484728216427841232008-06-16T16:54:00.000-07:002008-06-16T17:06:04.593-07:00Daniel Gross Blasts Sunny Yun<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAYaxfwutvaLlCBWXtdLBANm_tCyILJrMJdpwsWftXrCA-7UGimmotNsxoywp6tqJpmJ0ejYudOPs37auWR_w1siunOPgKJfOQIHTR53WlrBHRHdZ16FEg_3oGFkYwmXZNYndT043h-bU/s1600-h/_NAR_chief_economist_lawrence_Yun2.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAYaxfwutvaLlCBWXtdLBANm_tCyILJrMJdpwsWftXrCA-7UGimmotNsxoywp6tqJpmJ0ejYudOPs37auWR_w1siunOPgKJfOQIHTR53WlrBHRHdZ16FEg_3oGFkYwmXZNYndT043h-bU/s400/_NAR_chief_economist_lawrence_Yun2.JPG" alt="" id="BLOGGER_PHOTO_ID_5212634947290240914" border="0" /></a><br /><span style="font-style: italic;">Daniel Gross blasts Lawerence 'Sunny' Yun in an article <a href="http://www.newsweek.com/id/140553">explaining why the US Economy is worse than many think</a>.</span><br /><br />Lawrence Yun, chief economist at the National Association of Realtors, tells NEWSWEEK that "home sales and prices in most of the country will improve during the second half of 2008." (Yun is the Little Orphan Annie of forecasters. He's always sure the sun will come out tomorrow.)<br /><br /><span style="font-style: italic;">I'm glad Mr. Gross continues to bash this paid spinner who has discredited himself, based on his inane predictions that have proven terribly wrong. </span>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com3tag:blogger.com,1999:blog-6328974505126216627.post-54774212241886627212008-05-19T20:43:00.000-07:002008-05-19T20:45:13.296-07:00Yun: Prices Going Down So Fast<span style="font-family:Times New Roman;font-size:100%;"><span style="font-size: 12pt;" lang="EN"> "Because the prices are going down so fast, we'll be hitting the stabilization point sooner," said Lawrence Yun, chief economist at the National Assn. of Realtors.<br /><br /><span style="font-style: italic;">Oh well! No bottom yet!</span></span></span><a href="javascript:void(0)" tabindex="10" onclick="return false;"><span></span></a><span style="font-family:Times New Roman;font-size:100%;"><span style="font-size: 12pt;" lang="EN"><span style="font-style: italic;"></span><br /></span></span>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com5tag:blogger.com,1999:blog-6328974505126216627.post-20095848148203554702008-04-22T11:02:00.000-07:002008-04-22T11:12:49.603-07:00YuniSphere Roundup<a href="http://themessthatgreenspanmade.blogspot.com/2008/04/if-lawrence-yun-told-truth.html">If Lawrence Yun Wanted to be More Helpful .....</a> (The Mess That Greenspan Made)<br /><br /><a href="http://realdiablog.typepad.com/weblog/2008/04/dr-lawrence-yun.html"><em>Yun has lunch</em></a><em> with some friendly bloggers. </em><br /><em></em><br /><a href="http://www.realtor.org/press_room/news_releases/2008/existing_home_sales_slip_in_march.html"><em>Yun spins some more</em></a><em>. When will he get dizzy and quit?</em><br /><em></em><br /><a href="http://themessthatgreenspanmade.blogspot.com/2008/04/late-2006-nar-ad-campaign-revisited.html">The late 20006 National Association of Realtors Ad Campaign</a>. <em> Yun and the other discredited paid shills at the Realtors' Association cannot be trusted. <strong>Lawrence Yun should resign in shame.</strong></em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com0tag:blogger.com,1999:blog-6328974505126216627.post-20332188297183191222008-04-19T15:10:00.001-07:002008-04-19T15:11:20.154-07:00Lawrence Yun brings sunshine to Michigan. Michigan refuses to cooperate.<object height="355" width="425"><param name="movie" value="http://www.youtube.com/v/7sGicMx6mjI&hl=en"><param name="wmode" value="transparent"><embed src="http://www.youtube.com/v/7sGicMx6mjI&hl=en" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object><br /><br /><em>FOLKS, LAWRENCE YUN IS EVEN WORSE THAN DAVID LEREAH. THE NATIONAL ASSOCIATION OF RAMEN EATERS SHOULD DISMISS THIS FOOL BEFORE HE DOES EVEN MORE DAMAGE.<br /><br />Ah, screw it. He's the gift that keeps on giving. I hope he stays until they board up the NAR HQ. I hope he stays long enough to testify in front of Congress.<br /><br />Here's Yun in economic collapse and housing crash ground zero Michigan, saying there's no recession, no contraction, and anyone who buys today is going to have huge equity gains in 2 years.<br /><br />Amazing.<br /></em>bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.com3tag:blogger.com,1999:blog-6328974505126216627.post-7346952045625414342008-04-09T00:57:00.001-07:002008-04-09T00:57:50.176-07:00Lawrence Yun in all his glory<p><object height="355" width="425"><param name="movie" value="http://www.youtube.com/v/z_iBh8yJXWw&hl=en"><param name="wmode" value="transparent"><embed src="http://www.youtube.com/v/z_iBh8yJXWw&hl=en" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object></p><p><em>No, this video is not a gag. It's real. And the NAR is run by monkeys.</em></p><p> </p>bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.com5tag:blogger.com,1999:blog-6328974505126216627.post-82721106686442424072008-04-04T10:00:00.000-07:002008-04-04T10:04:57.788-07:00Yun: Nobody Expected Housing Bust<em>Lawrence Yun is wrong once again, this time he is being a </em><a href="http://www.scrippsnews.com/node/32029"><em>revisionist</em></a><em>:</em><br /><br />"Even though there was some risk, the ratings agencies fooled the market and the investors into thinking housing was rock solid," says Lawrence Yun, chief economist for the National Association of Realtors (NAR). "It was the speed and the scope of the losses that nobody expected."<br /><br /><em>Nobody expected? What about all Nouriel Roubini, Dean Baker and Robert Shiller and dozens of housing bubble bloggers? </em><br /><em></em><br /><em><strong>Message to Yun:</strong> You have lost your credibility, it is time to resign. Become a whistle blower and tell us what really is going on in the housing market and especially at the NAR.</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com3tag:blogger.com,1999:blog-6328974505126216627.post-68682889617935805592008-03-24T18:56:00.000-07:002008-03-24T19:15:58.254-07:00A History Of Wrong Predictions By The Chief Economists of the National Association of Realtors<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm7M7wN-dVnvcWdgd2p0l1Ddw4BrkKtkQd-6tF_Kt1A3-E6-fB6B4D5vQbYTuLWwvEV8yE2GE-XQdlNFTDCcDhQySzMVZwo2OxBIpujhcLRsvHNumV7BqdPWgSeQGgeKMzZj77dgCLRBY/s1600-h/nar_rid6.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm7M7wN-dVnvcWdgd2p0l1Ddw4BrkKtkQd-6tF_Kt1A3-E6-fB6B4D5vQbYTuLWwvEV8yE2GE-XQdlNFTDCcDhQySzMVZwo2OxBIpujhcLRsvHNumV7BqdPWgSeQGgeKMzZj77dgCLRBY/s400/nar_rid6.JPG" alt="" id="BLOGGER_PHOTO_ID_5181495712964798882" border="0" /></a><br /><span style="font-style: italic;">A History Of Wrong Predictions By The Chief Economists of the National </span>Association<span style="font-style: italic;"> of Realtors. This would be the discredited </span><a style="font-style: italic;" href="http://davidlereahwatch.blogspot.com/">David Lereah</a><span style="font-style: italic;"> and </span><a style="font-style: italic;" href="http://lawrenceyunwatch.blogspot.com/">Lawrence Yun.</a><span style="font-style: italic;"><br /><br />Click on the image for a larger version. David Lereah left the NAR in May 2007.<br /><br /></span>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com5tag:blogger.com,1999:blog-6328974505126216627.post-42082374118353371322008-03-24T11:39:00.000-07:002008-03-24T11:41:37.850-07:00Lawrence Yun Predicted No Recession in 2008<em>In predictions supplied to </em><a href="http://www.usatoday.com/money/economy/2008-03-16-top-economist_N.htm"><em>USA Today</em></a><em>, Lawrence Yun predicted that there would <strong>not</strong> be a recession in 2008.</em><br /><br />5. Lawrence Yun<br />Chief economist, National Association of Realtors<br />Fed rate 2008 low 2.25%<br />Recession in 2008? NoDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com2tag:blogger.com,1999:blog-6328974505126216627.post-67406068866110808892008-03-20T09:57:00.000-07:002008-03-20T10:01:26.686-07:00Lawrence Yun Watch #1 On Google for Term 'Lawrence Yun'<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja0jUH7ZvbpfrkP2LWPIOR2iFGJsTyDDbu6kDWC3l12e6cHfyNl5a5YvUBDh-afX4P-2oKs7TOSiYY1a64gCdGIMJqpX0-65BXbfXjcIN0QGMA2dtdy2VrKnLsU6nUYz6w-GKFUeqFyHs/s1600-h/yunsearch.JPG"><img id="BLOGGER_PHOTO_ID_5179869818735159698" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja0jUH7ZvbpfrkP2LWPIOR2iFGJsTyDDbu6kDWC3l12e6cHfyNl5a5YvUBDh-afX4P-2oKs7TOSiYY1a64gCdGIMJqpX0-65BXbfXjcIN0QGMA2dtdy2VrKnLsU6nUYz6w-GKFUeqFyHs/s400/yunsearch.JPG" border="0" /></a><br /><div><em>This blog, the </em><a href="http://lawrenceyunwatch.blogspot.com/"><em>Lawrence Yun Watch</em></a>,<em> makes #1 on </em><a href="http://www.google.com/search?hl=en&q=lawrence+yun&btnG=Google+Search"><em>Google when searching for 'Lawrence Yun'.</em></a><em> </em></div><br /><div><em></em></div><div><em>Take that Yun, you discredited paid spinner. The truth is being revealed. </em></div><br /><div><em></em></div><br /><div><em></em></div>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com4tag:blogger.com,1999:blog-6328974505126216627.post-59766918260114981412008-03-18T05:50:00.000-07:002008-03-20T07:02:50.430-07:00Ridiculous: USA Today Names Lawrence Yun as Top Economic Forecaster<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsm13J7oUuxRQVwmgq6aCKeYNxWR2Lolram_YKbmNrkLY0oAg-41F6hOP66TLrqnhSMF4pHQJyBDI8_hClWu81iB-7teA_EFMLPrmog2ePSfS8D0esoEasLo5vCH1AuZyMF0tRy41Re9Q/s1600-h/yun_nar_forecaster.JPG"><img id="BLOGGER_PHOTO_ID_5179061078054035042" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsm13J7oUuxRQVwmgq6aCKeYNxWR2Lolram_YKbmNrkLY0oAg-41F6hOP66TLrqnhSMF4pHQJyBDI8_hClWu81iB-7teA_EFMLPrmog2ePSfS8D0esoEasLo5vCH1AuZyMF0tRy41Re9Q/s400/yun_nar_forecaster.JPG" border="0" /></a><em>The USA Today named Lawrence Yun, the chief economist at the National Association of Realtors </em><a href="http://www.realtor.org/press_room/news_releases/2008/nar_chief_economist_top_forecaster.html"><em>as its fifth top economic forecaster</em></a><em>.</em> Here is the <a href="http://www.usatoday.com/money/economy/2008-03-16-top-economist_N.htm">USA Today Article.<br /></a><br />The National Association of Realtors(R) Chief Economist Lawrence Yun has been named among the top 10 economic forecasters by USA Today. Yun is ranked fifth on the list and is responsible for NAR's real estate statistics and economic forecasting. The annual list recognizes accuracy in forecasting.<br /><br />I'm honored to be recognized among some of the best economists in the country," said Yun. "The economy and housing industry are facing many challenging issues at this time, which makes this an interesting and stimulating position<br /><br /><em><strong>USA Today certainly did not do its homework.</strong> Have they read the </em><a href="http://lawrenceyunwatch.blogspot.com/"><em>Lawrence Yun Watch</em></a><em>?<br /></em><p><em>In September 2005 </em><a href="http://nvar.com/newsdetail.lasso?articleno=nvarn100831"><em>Yun predicted </em></a><em>"The chance of a housing price decline in the DC area is close to zero, in my view. I anticipate that prices in DC will outpace the national average price growth. DC prices will rise at close to a 7 to 10 % rate of appreciation. "</em></p><p><em>As we know prices have declined significantly in the DC area since Yun's wrong prediction. According to the </em><a style="FONT-STYLE: italic" href="http://www.google.com/search?hl=en&q=case+shiller+index&btnG=Search">S&P Case Shiller Index</a><em>, since September 2005 DC area prices have fallen 8.4%.Do not trust Lawrence Yun. </em></p><p><em>Yun even recently admitted that "<strong>It is also fine for people to point the finger at me.</strong> In a fast changing market conditions, <strong>I too have been off on my forecast."</strong></em></p><p><em>The general public and media need to be aware of his spins, <strong>predictions that have proven very wrong</strong>, and his </em><a style="FONT-STYLE: italic" href="http://lawrenceyunwatch.blogspot.com/2007/06/lawrence-yun-contradicts-himself.html">contradictory statements</a><em>. Mr Yun is a paid spinner who has lost his credibility. The USA Today should be ashamed of its shoddy work. </em></p>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com9tag:blogger.com,1999:blog-6328974505126216627.post-2524962487881979992008-03-10T19:39:00.000-07:002008-03-12T06:19:06.038-07:00Lawrence Yun Proposes Federal Dollars to Grease Home Buying<span style="FONT-STYLE: italic">Lawrence </span>Yun<span style="FONT-STYLE: italic"> proposes </span><a style="FONT-STYLE: italic" href="http://www.realtor.org/research/commentary_top_down.html">federal government dollars to grease home buying</a>.<span style="FONT-STYLE: italic"></span><br /><br />What is critically needed at this important point in the housing cycle is a measure to assuredly and quickly raise home buying activity. This can be accomplished by providing a homebuyer tax-credit. A nationwide $5,000 tax credit (the same amount currently in existence for homebuyers in Washington, D.C.) will cost the federal government $40 billion. If factoring in rising economic activity and accompanying rising tax revenue, then the true cost could be minimal or even positively favorable. A reversal in the weakness in the housing market, which has been subtracting about one percentage point off GDP growth, can add $40 billion to the U.S. Treasury - essentially offsetting the cost of the tax credit. If the initial $40 billion cost is harder to swallow than a more targeted tax credit for only the first-time homebuyers will cost the government about $15 billion.<br /><br /><span style="FONT-STYLE: italic">No way! This </span><a style="FONT-STYLE: italic" href="http://lawrenceyunwatch.blogspot.com/">discredited Realtor hack</a><span style="FONT-STYLE: italic">'s proposal is ridiculous. The US Government should not give out more incentives for people to purchase overpriced housing units. The US Government already has a large deficit and enormous debt. It would be unwise to spend needed money to assist and encourage people to buy depreciating assets.</span><br /><em></em><br /><em><strong>Keith Writes:</strong> Now he wants to get housing demand flowing again (while stimulating realtor commissions of course) not by the traditional means of lowering prices, but by bribing buyers with a tax credit.</em><br /><em></em><br /><em>Here's a suggestion Lawrence - IT'S CALLED LOWER THE DAMN PRICES.</em><br /><em></em><br /><em>You want demand (and realtor commissions) to return? You might want to check out the relationship between demand and price. They taught you that in your Econ 101 class at Purdue, right? We know you read HP, so please brush up on your econ 101<a href="http://en.wikipedia.org/wiki/Supply_and_demand"> here</a> that Purdue must have failed to teach you. Glad we could help.</em><br /><em></em><br /><em>Folks, any sucker dumb enough to take a $5,000 government bribe to buy a depreciating debt-trap would be an even bigger idiot than Lawrence Yun. And that's saying something.Oh, Yun says this would ONLY cost the US taxpayer $40 billion. What a deal!</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com3tag:blogger.com,1999:blog-6328974505126216627.post-79927588263741659542008-03-07T09:05:00.000-08:002008-03-31T09:08:37.185-07:00Lawrence Yun Roundup<p><a title="Permanent Link to NAR is Spinister						" href="http://agentgenius.com/?p=970" rel="bookmark">NAR is Spinister.</a> <em>Solid article outlining the major communications problems the NAR has during the housing bubble era.</em></p><p><a href="http://agentgenius.com/?p=958"><em>This guy Wants Yun Out as Chief Economist</em></a></p><a href="http://www.narwisdom.com/"><em>NAR Wisdom</em></a><em> - solid site</em>. "This weblog was created out of frustration. Frustration with the NAR. They seem almost completely out of touch with today's market, and the needs of real estate agents and real estate consumers alike"<br /><br /><a href="http://www.daltonsazhomes.com/blog/12312007/one-last-laugh-from-larry-yun/"><em>One Realtor</em></a><em> is not happy paying Yun's Salary.</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com2tag:blogger.com,1999:blog-6328974505126216627.post-29272450166172015592008-02-27T07:40:00.000-08:002008-02-29T10:23:36.934-08:00Yun Says Housing Market is "Scrathing Bottom"<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGHmPo5X1YIvJJdsMBfk-iMsw1muZ1_GuDFn4mK_ugoUBQPWNCQWPk8l3EMs1v9ny7QE9lY7URQUCJc1PWvq-fBYhq60qgt4z6aUFHOnPp_XPJWFx0Lj67RmHF7fujca1qp-1yCQ5HG8Y/s1600-h/dog_scratching_web.jpg"><img id="BLOGGER_PHOTO_ID_5172469528295618018" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGHmPo5X1YIvJJdsMBfk-iMsw1muZ1_GuDFn4mK_ugoUBQPWNCQWPk8l3EMs1v9ny7QE9lY7URQUCJc1PWvq-fBYhq60qgt4z6aUFHOnPp_XPJWFx0Lj67RmHF7fujca1qp-1yCQ5HG8Y/s400/dog_scratching_web.jpg" border="0" /></a><br /><div><a href="http://www.reuters.com/article/ousiv/idUSN2536981720080226"><em>Reuters reports that</em></a> "The NAR's chief economist, Lawrence Yun, said the market is '<strong>scratching the bottom</strong>,' with sales holding at a deflated rate of around 5 million units for the past several months."<br /><br /><em>That is just what Yun's mentor the infamous </em><a href="http://davidlereahwatch.blogspot.com/"><em>David Lereah</em></a><em> said in </em><em><a href="http://davidlereahwatch.blogspot.com/search?q=SCRATCHING">March 2007</a></em><em>: </em>"Sales have hovered for the last four months, <strong>scratching bottom and then coming up, scratching bottom and coming up again. We are comfortable this is now the bottom</strong>"</div>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com4tag:blogger.com,1999:blog-6328974505126216627.post-19828885004568080192008-02-22T07:03:00.000-08:002008-02-22T09:54:41.631-08:00Lawrence Yun Cannot be Trusted<em>Lawrence Yun, the chief paid spinner at the Realtors Association regularly speaks at real estate related gatherings throughout country. The </em><a href="http://www.rrstar.com/homepage/x1300266072"><em>Rockford Register Star reports</em></a><em>:</em><br /><br />The chief economist for the National Association of Realtors had a strong message to potential home buyers who may be waiting to see if prices in the Rock River Valley will go into free fall before putting in an offer.“<strong>There is no chance of a large price decline in Rockford</strong>,” Lawrence Yun told a crowd of more than 400 at Cliffbreakers, 700 W. Riverside Blvd. “<strong>There is not a price bubble in Rockford</strong>.”<br /><br /><strong>But, can he be trusted?</strong><br /><br /><em>In September 2005 </em><a href="http://nvar.com/newsdetail.lasso?articleno=nvarn100831"><em>Yun predicted</em> </a>"The <strong>chance of a housing price decline in the DC area is close to zero, in my view</strong>. I anticipate that prices in DC will outpace the national average price growth. <strong>DC prices will rise at close to a 7 to 10 % rate of appreciation</strong>. "<br /><br /><em>As we know prices have declined significantly in the DC area since Yun's wrong prediction. According to the </em><a style="FONT-STYLE: italic" href="http://www.google.com/search?hl=en&q=case+shiller+index&btnG=Search">S&P Case Shiller Index</a><em>, <strong>since September 2005 DC area prices have fallen 8.4%</strong>.<br /><br />Do not trust Lawrence Yun. The general public and media need to be aware of his spins, predictions that have proven very wrong, and his </em><a style="FONT-STYLE: italic" href="http://lawrenceyunwatch.blogspot.com/2007/06/lawrence-yun-contradicts-himself.html">contradictory statements</a><em>. Mr Yun is a paid spinner who has lost his credibility.</em>Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.com1