By Strategic Renter
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2012 Nov 9, 7:20am
1,493 views 2 comments
Association of Realtors Chief Economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years, a boost for the beleaguered housing market. Mr. Yun is widely known for his optimistic forecasts, given his employer, the nation’s largest housing cheerleader. Still, any talk of rising home prices is welcome news. Home values have plunged a third or more from the peak, leaving millions of Americans underwater, or owing more than their mortgage, and unable to move. If their values increase, they might feel comfortable enough to buy a bigger home or retire to a smaller one, helping...
Ya ya ya what a bunch of bull.Look this guy Yun is so full of it ,he needs an enema.The next thing he will be saying is unemployment rate is 7% ya like in your head.The country is insolvent and as long as there are people around the world with better education and will work for pennies on the dollar there is know way you will see those jobs back here in the near future.And if they did come back hypothetically speaking that the educationed workforce is there and they will work for pennies on the dollar that would mean that house prices would have to drop even more to make them affordable for those low competitive wages.Now you no this guy is full of it when he speaks of a housing shortage,is this guy nuts.There is over 10 million houses in shadow inventory and more people losing there jobs everyday.
He needs a solid, fatal fisting. Then USG can indict him for fraud posthumously and feed him to neonazi serial killers in a supermax where they can rape the carcass or eat it.
This is what justice in America is all about.