lawrence yun: Improving Factors for Higher Home Sales
- 10/27/11 07:51 AM
Improving Factors for Higher Home Sales According to Lawrence Yun, Chief Economist for the National Association of Realtors there are signs of improving factors for higher home sales. Right now they are not yet translating into more home sales, but they are creating an environment that has the potential of spawning higher home sales. Rising rents may be the key for many renters to enter the market. As rents rise and home prices and interest rates remain low the cost to own vs rent becomes more and more attractive. See my other blog posts with Lawrence Yun videos from … (0 comments)
lawrence yun: Unemployment claims as a bell weather factor in recovery
- 10/27/11 05:38 AM
Unemployment Claims as a bell weather factor in recovery. Watch the unemployment claims as a bellwether factor in recovery every Thursday. When it goes under 400,000 it's a signal of recovery. See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011 New home sales at a 40 year low! Home equity is essential to the economic recovery of our nation because... Real Estate Outlook for 2011 and 2012 Recent home buyers are successful! Mortgage Interest Deduction was not the source of the bubble! How do I know? Job Recovery. … (0 comments)
lawrence yun: How to increase home sales by 20% right now!
- 10/27/11 04:56 AM
How to increase home sales by 20% right now! Stringent loan requirements are depressing home sales. According to Lawrence Yun, Chief Economist for NAR, under normal conditions Freddie & Fannie credit score requirements were 720. Under today's stringent environment they are 762 and 758. If the credit score was taken back to the "normal" level of 720 that would translate into a 15% - 20% higher home sales. See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011 New home sales at a 40 year low! Home equity … (0 comments)
lawrence yun: The moral of the story is...
- 10/24/11 02:56 AM
The moral of the story is ... The moral of the story is ... stay in your budget! Chief Economist, Lawrence Yun, recently spoke to the North Carolina Association of Realtors at The Greenbriar. One of his very astute points was low and no down payment loans did NOT cause the loan crisis. It is not about down payment it is about staying within your budget. After WW-II millions of no down payment loans were made to veterans and we did not have a mortgage crisis. See my other blog posts with Lawrence Yun videos from the North … (4 comments)
lawrence yun: Smart money is always one step ahead and they are...
- 10/19/11 04:54 AM
Smart money is always one step ahead and they are… Smart money is always one step ahead and they are entering the Real Estate Market. Follow the money. How do we know this? According to Lawrence Yun, Chief Economist for NAR, 35% of all of today's sales are cash. That is an unprecedented high for cash buyers. Real estate is a hedge against the inflation that is expected with the printing of more money. See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011 New home sales at a 40 … (0 comments)
lawrence yun: Speaking of interest rates? How low can you go?
- 10/18/11 05:57 AM
Speaking of interest rates? How low can you go? Recently Lawrence Yun, Chief Economist for NAR, spoke to the North Carolina Association of Realtors at The Greenbrier in WV about interest rate. How low can you go? Today the Fed Funds rate is at zero. How low can you go below zero? You can't so the government is trying "quantitative easing." What is that? Watch the video below. See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011 New home sales at a 40 year low! Home equity is essential … (0 comments)
lawrence yun: Job recovery. What is it's impact on economic and housing recovery?
- 10/10/11 05:47 AM
Job recovery. What is it's impact on economic and housing recovery? North Dakota and Texas both on the upswing in the job and economic recovery. Michigan has been in a 10 year decline with no foreseeable recovery. The south in general is recovering more quickly because they are more business friendly. North Carolina usually tracks with Texas, but so far this hasn't happened. Long term for North Carolina this is just a bump on the road. The Raleigh triangle area will grow so fast in the next 10 to 15 years they will likely attract another NFL franchise. See my … (0 comments)
lawrence yun: Mortgage Interest Deduction was not the source of the bubble! How do I know?
- 10/07/11 06:47 AM
Mortgage Interest Deduction was not the source of the bubble! How do I know? September 11, 2011 Lawrence Yun addressed the North Carolina Realtors at The Greenbriar in WV saying that congress has a super committee studying the Mortgage Interest Deduction and their findings will be out around Thanksgiving. He goes on to say, "mortgage interest deduction"was not the source of the housing market bubble. How do I know that? Well it's been in place for a 100 years. How can you say that something that has been in place for 100 years has caused a bubble in only the recent … (2 comments)
lawrence yun: Home equity is essential to the economic recovery of our nation because
- 09/27/11 03:06 PM
Home equity is essential to the economic recovery of our nation because it is the key to the health and growth of small business. "The long term driver of the US economy has always been small business.," Lawrence Yun stated in his keynote address to the North Carolina Association of Realtors at The Greenbriar, WV on September 11, 2011. Small businesses do not get their capital on Wall Street with IPOs. Small business is funded with the equity value in homes. Remember a few small business that have grown to power America, Microsoft, Apple, FedEx and even GE.
See my … (0 comments)
lawrence yun: Real Estate Outlook for 2011 and 2012
- 09/27/11 02:37 PM
Real Estate Outlook for 2011 and 2012 According to Lawrence Yun, the Chief Economist of the National Association of Realtors the real estate outlook for the next two years is improving. Home sales recovery and home sales will continue to be slow. The job market will improve over the next two years. Mortgage rate to increase, but compared to the stricter underwriting standards not as impactful.
See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011 New home sales at a 40 year low! Home equity is essential to the … (2 comments)
Improving Factors for Higher Home Sales
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