Lawrence Yun To Revise Down Years of Mistaken Home Sales Figures

Lawrence Yun and his ilk at the National Association of Realtors (NAR) cannot be trusted. You should be sorting colored balls for a living.

Yun Takes 'Full Responsibility' For His Actions

Lawrence Yun takes full responsibility for everything he does. The Orange County Register reports:

“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.

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 (AP News).

Lawrence Yun Pleads for a Real Estate Stimulus

The 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.

"A real estate-focused stimulus plan is urgently needed," Lawrence Yun, the trade group's chief economist, said in a statement. (AP 1/6/09)

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. Yun should be ashamed of his shameless shilling for the economic pariahs that are the National Association of Realtors.

Yun Changes His 2008 'No Recession' Prediction

Back in later 2007 "In predictions supplied to USA Today, Lawrence Yun predicted that there would not be a recession in 2008."

"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. (Sun Herald)" In other words, Yun is now saying a recession beginning in the 4th quarter of 2008 and continuing into 2009.

Once again, Yun's prediction has changed dramatically, due to reality not jiving with his prediction.

Yun Criticizes Bernanke & Media on Negative Stories on Hounsing

Yun criticizes Bernanke & media on negative stories on hounsing. The Times Union reports:

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.

"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."

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.

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."

To applause from his Realtor audience, Yun said he had made that point in a letter to Bernanke.

And he rued that former Fed Chairman Alan Greenspan is also issuing more negative housing market predictions.

"But there's little that can be done about that," Yun said.

Yun 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. (Chattanooga RE 9/15/08)

Was he complaining about the loose lending standards, which led to the collapse of Fannie & Freddie, during the boom years?

Yun Interview

Lawrence Yun being interviewed by Diana Olick (CNBC)

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.

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!

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.

Is This Guy for Real?

A Powerpoint Slide from a Recent Real Estate Presentation
by Lawrence Yun in June 08

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.

Daniel Gross Blasts Sunny Yun

Daniel Gross blasts Lawerence 'Sunny' Yun in an article explaining why the US Economy is worse than many think.

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.)

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.

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!

YuniSphere Roundup

If Lawrence Yun Wanted to be More Helpful ..... (The Mess That Greenspan Made)

Yun has lunch with some friendly bloggers.

Yun spins some more. When will he get dizzy and quit?

The late 20006 National Association of Realtors Ad Campaign. Yun and the other discredited paid shills at the Realtors' Association cannot be trusted. Lawrence Yun should resign in shame.

Lawrence Yun brings sunshine to Michigan. Michigan refuses to cooperate.

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.

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.

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.

Amazing.

Lawrence Yun in all his glory

No, this video is not a gag. It's real. And the NAR is run by monkeys.

Yun: Nobody Expected Housing Bust

Lawrence Yun is wrong once again, this time he is being a revisionist:

"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."

Nobody expected? What about all Nouriel Roubini, Dean Baker and Robert Shiller and dozens of housing bubble bloggers?

Message to Yun: 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.

A History Of Wrong Predictions By The Chief Economists of the National Association of Realtors

A History Of Wrong Predictions By The Chief Economists of the National Association of Realtors. This would be the discredited David Lereah and Lawrence Yun.

Click on the image for a larger version. David Lereah left the NAR in May 2007.

Lawrence Yun Predicted No Recession in 2008

In predictions supplied to USA Today, Lawrence Yun predicted that there would not be a recession in 2008.

5. Lawrence Yun
Chief economist, National Association of Realtors
Fed rate 2008 low 2.25%
Recession in 2008? No

Lawrence Yun Watch #1 On Google for Term 'Lawrence Yun'

This blog, the Lawrence Yun Watch, makes #1 on Google when searching for 'Lawrence Yun'.

Take that Yun, you discredited paid spinner. The truth is being revealed.