NAR Names Lawrence Yun Chief Economist
Author: Jay T. - The EditorPosted on November 2, 2007
Filed Under NAR - General
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.
“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.
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After enduring the reign of the “Laughable Lereah”, perhaps a few jokes about economists are appropriate to welcome “Funny Yunny” to the post.
Q: Why did God create economists?
A: In order to make weather forecasters look good.
Economics is the only field in which two people can receive a Nobel Prize for saying exactly the opposite thing.
The First Law of Economics: For every economist, there exists an equal and opposite economist.
The Second Law of Economics: They’re both wrong.
Seeing that they didn’t say in the press release that now was a good time to buy, I suspect that it’s not an offical release JT.
[…] It’s a bemusing post by JT at NAR Wisdom… NAR Names Lawrence Yun Chief Economist […]
Congrats Lawrence!
Existing-home sales will still set record highs by the end of 2007… impressive despite the state of the national real estate market as a whole, but then again… “all real estate is local.”
Check out http://lawrenceyunwatch.blogspot.com