NAR Names Lawrence Yun Chief Economist

I suspect a lot of people assumed Lawrence Yun already was the “Chief Economist” for the NAR. But until today he was actually the NAR’s senior, not chief, economist.

What’s the difference? I dunno. Yun was a VP and senior economist. Now he’s a Senior VP and Chief Economist. I suspect the impact to Yun’s paycheck is significant. I doubt it will change much what he does for the NAR, nor his semi-regular proclamations about the state of real estate.

From the NAR’s press release:

“He is a no-nonsense and level-headed analyst of the housing market who calls the data as he sees it, and has guided NAR with skill as chief spokesman for the past several months in a competitive real estate market. We have great faith and trust that Lawrence’s tenure will be a stellar one that will enhance NAR’s reputation as the most reliable and credible source of real estate research.”

Whatever.