Wednesday, August 19, 2009
Lawrence Yun Makes Another Inane Comment
With all the competition in the market for mid- and low-priced homes, Yun said there are reasons for potential homebuyers to be optimistic about the current market.
“People who are buying today might see a home equity gain a year from now,” he said. “Further decline in prices could be minimal -- if there are price declines at all.” (San Diego Source)
What is this statement supposed to be? Spin. More Spin. Another inane statement from Lawrence Yun, who is the Chief Economist for the National Association of Realtors.