Mr. Yun is not an 'outstanding forecaster' his forecasts have been way off the mark. In September 2005 Yun predicted "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. "
As we know prices have declined in the DC area since Yun's wrong prediction. According to the S&P Case Shiller Index, since September 2005 DC area prices have fallen 6.3%.
Do not trust Lawrence 'paid spinner' Yun. The general public and media need to be aware of his spins, predictions that have proven wrong, and his contradictory statements. Mr Yun is a paid shill who has lost his credibility.
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5 comments:
what a great effing site. you just got a link on my main page.
Before you get too excited, I got me a PR of 1.
But, seriously, check out this link:
http://genuinechris.com/2007/11/27/i-should-not-be-doing-this/
I've had a lot of fun reading this. I guess I was one of the lucky ones and sold all my real estate two years ago... a little early but I thought the sky was about to fall. I used to work in the financial markets and the NAR releases were always good for a laugh because they're bluesky no matter what the climate is.
Maybe we should chip in and get Yun a new crystal ball to help him make his predictions.
Better yet, lets get him a magic 8 ball since he will be behind the 8 ball for years to come.
TEST
According to Housing Tracker asking prices are down 24% since spring 2006!!!!!!
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