Lawrence Yun Archive

NAR Execs Make Most Influential List

Among those on Inman News’ latest list of the 100 Most Influential Real Estate Leaders were some familiar NAR faces, starting with 2013 president Gary Thomas, broker-owner of Evergreen Realty in Villa Park, Calif. I profiled Thomas in the...
January 22, 2013

Home Owners Add $760 B in New Home Equity

Existing-home sales are up 2.1 percent in October from the previous month and home prices are up more than 11 percent from this same time last year, to $178,600. Sales are being driven by strengthening fundamentals—the improving jobs picture,...
November 20, 2012

Jobs, Rising Rents Help Pending Sales Inch Up

NAR’s forward-looking pending home sales index showed a very small rise in September, just 0.3 percent, but it’s one more data point to suggest the recovery is solidly underway even if it remains modest. The rise represents the latest...
October 25, 2012

Signs of Recovery Despite Financing Hurdles

Signs continue to come in that the housing market is seeing slow but steady improvement, although overly tight lending standards continue to hold back the market given the amount of pent-up demand that’s out there. Existing-home sales increased 2.3...
August 23, 2012

Economic Hurdles Call for Team Mentality

Jamaican sprinter Usain Bolt captivated audiences with his speed and charisma during the 2012 Summer Olympics. You may have noticed “The Fastest Man in the World” slows his steps ever so slightly when approaching the finish line during his...
August 22, 2012

Housing Recovery: The Pieces Are There, But the Certainty Isn’t

Pieces are in place for housing to continue on its road to recovery but there remain plenty of uncertainties that can derail the market, NAR Chief Economist Lawrence Yun said at a conference earlier this week. Yun told more...
June 13, 2012

At the Bottom, but Maybe Not for Long

The Wall Street Journal today says the housing market nationally is bottoming out, the essential first step before it can start rising again. But the Journal is a little pessimistic that the upward bounce is coming any time soon....
April 30, 2012

Prices Up, Inventories Down

Existing-home sales last month were down slightly but they remain at about a 4.6 million level, as they have since January, so if that level holds for the remainder of the year we could see a strong 2012, NAR...
April 19, 2012

2012 Home Sales: Positives on Many Fronts

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time...
January 3, 2012

Rebenchmarking Reflects FSBO Drop

NAR Chief Economist Lawrence Yun told Nightly Business Report anchor Suzanne Pratt yesterday that the association’s rebenchmarking of existing-home sales (EHS) data, which it released yesterday, only affects the number of home sales as tracked at the national level...
December 22, 2011