Lawrence Yun: “Necessary Corrections”

Author: Jay T. - The Editor

Posted on February 21, 2008 
Filed Under NAR - Forecasts

NAR Chief Economist Lawrence Yun had this to say in a recent article:

Based on the latest available information, my outlook is for new single-family home construction to decline for another year-and-a-half through the second quarter of 2009.

Dr. Yun’s predecessor was routinely blasted across the internet for his overly optimistic (and often inaccurate) forecasts.

That Dr. Yun is offering a not-so-bright (yet realistic, IMHO) opinion is refreshing.

Jim Duncan seems to agree.

Athol Kay points out a similar instance in a different Yun article.

If you don’t already, I recommend subscribing to Yun’s commentary feed. You just may find it honest and real, and not a bunch of roses and sunshine fluff.

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Comments

3 Responses to “Lawrence Yun: “Necessary Corrections””

  1. Charleston real estate blog on February 21st, 2008 9:47 am

    I wonder if now that the NAR is sort of blogging, whether they might have read some of the commentary on their previously overly rosy forecasts and the ridicule that they have received from both inside and outside the industry and have reacted apppropriately to be more forthcoming about current market conditions.

  2. Athol Kay on February 21st, 2008 4:27 pm

    I think they have finally been paying attention better. Plus the market is obviously not galloping up in value. So they have to say something else.

    Maybe Lawrence Yun is going to play social media director ;-)

  3. David Jackson on March 7th, 2008 9:47 am

    Please check out: http://lawrenceyunwatch.blogspot.com

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