[stylin19a]

Buried in the article

Not surprisingly, Lawrence Yun, a senior economist for NAR, is more optimistic. He claims that the market has returned to more earthly figures after a period of unsustainable growth. "Any decline will be very short-lived," he said. "By the spring of 2007, the market will begin to see increased sales and strengthening in home prices."

sky-is-falling - ping

we're doomed -ping

i-told-you-so-after-10-years-of warning - ping

[DCPatriot]

Lawrence Yun, a senior economist for NAR...National Association of Realtors, is more optimistic. He claims that the market has returned to more earthly figures after a period of unsustainable growth. "Any decline will be very short-lived," he said. "By the spring of 2007, the market will begin to see increased sales and strengthening in home prices."

I've been a realtor in the Washington DC, Maryland region for almost 29 years.

Mr. Yun is on crack!

I predict $700K SFD (single family detached) homes in Montgomery Country Maryland will be selling for below $600K by the Spring of 2007...Townhouses at $400K will be mid to low $300's.

IOW....at 12% to 15% decline in SOLD prices compared to today.

[Eagles Talon IV]

Yes of course. MSNBC as the epitome of prognosticators has deemed the Real Estate market has gone into a decline from which it will never emerge. In fact, home prices will get to a level where the seller will have to give is home to a "taker". not a buyer because the only cash transaction that will take place will be what the seller has to pay the "taker" to own his property. You can't make this stuff up.

[School of Rational Thought]

"Not surprisingly, Lawrence Yun, a senior economist for NAR, is more optimistic. He claims that the market has returned to more earthly figures after a period of unsustainable growth. "Any decline will be very short-lived," he said. "By the spring of 2007, the market will begin to see increased sales and strengthening in home prices."


This happens every spring regardless of market. Impressive insight.