Friday, June 29, 2007

Lawrence Yun just doesn't know when to shut up


Here's the latest from Yun
. Weigh this against the latest from Case Shiller.

Consumers are hearing a lot in the media about the correction in housing, and they’re understandably concerned about whether now is a good time to get into the housing market.

To a great extent, we can thank steady media coverage of the real estate market “correction” for unfounded consumer concerns.

If there’s a correction in markets today, it’s in home sales volume and housing starts, not in home prices.

Even a relatively large price decline, such as the 12 percent drop we saw in Sarasota, Fla., cannot reasonably be called a correction when that market had a 150 percent price increase during the boom.


Anonymous said...

FU Yun I am not buying a house.

When you are proven wrong again again and again then maybe, but prices will be substantially lower.

David said...

Mr. Yun is blaming the media. It is the fundamentals stupid!

Anonymous said...

Anonymous said...

where is the 50% drop you loons are predicting?