Lawrence Yun
Lawrence Yun
Lawrence Yun is a Chief Economist and Senior Vice President of Research at the National Association of Realtors. He oversees the production of existing home sales statistics and the popular Home Buyer and Home Seller survey reports. He regularly appears on CNBC, BBC, Bloomberg Television, and is often quoted in the media. Yun is also a frequent speaker at Real Estate conferences throughout the United States. In March 2008, USA Today listed him among the top 10 economic forecasters in...
healthy housing market move pace pointing rate record sales
All housing market indicators are pointing to a move away from the frenzied record sales pace to, I would say, a more healthy rate of activity.
housing last market pace shifting year
The housing market is shifting away from the record-breaking pace of last year to a more sustainable pace.
homes job market moving parents people strong
You need a strong job market with people in their 20s moving out of their parents' homes before rents recover.
buyers clearly decided hoping legs market mortgage move rates sitting
The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now.
adjust takes time
Sellers are stubborn. It takes a long time for sellers to adjust their expectations.
less market moving people putting regions south supply time
People are moving out of these regions to the South and the West. They're putting more supply on the market at the same time there is less demand.
couple decline frenzy past
What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing: A decline from a frenzied, unsustainable rate.