Monday, May 19, 2008

Yun: Prices Going Down So Fast

"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.

Oh well! No bottom yet!


Donald said...

Considering that the next president of NAR will be African American, I think it might be time to drop the whole "NAR is run by monkeys" theme. Because then that will be viewed as totally racist, IMHO.

Anonymous said...

IAS360 House Price Index Provides First Monthly View of Housing Price Trends Based on Neighborhood Level Data.

Integrated Asset Services (IAS), a leader in default management and residential collateral valuation, just launched its monthly-reported IAS360 House Price Index

The new Index represents the industry’s first clear representation of U.S. housing market trends at a county level. IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences in more than 15,000 “neighborhoods” across the U.S. This data is then rolled up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The timeliness of the data, which is based on all arms-length transactions occurring in underlying neighborhoods, makes the IAS360 the leading indicator for housing price trends in the U.S. April Index:

Dan said...

I wrote piece for my blog ( on your good friend Mr. Yun which will appear Monday morning. Good to see someone is keeping a close eye on him. Keep up the good work.

Anonymous said...

Again another "chief economist". We should turn the ALP (Anti-Lereah Predictor into an A-NAR-P

Seriously this NAR is a pain. Liars!

DaveO said...

Look at Yun's latest BS: Realtors' chief economist delivers upbeat view on home sales

He says "Home prices in South Florida 'easily' could be 20 to 30 percent higher by 2013".

vanilla ice said...

Wise words from a wise man. :/