Lawrence Yun Archive

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

‘Housing Market Is Struggling to Recover’

By Katherine Tarbox, Senior Editor, REALTOR® Magazine While the stock market continues its wild ride and as things begin to look gloomy for Europe, NAR Chief Economist Lawrence Yun is optimistic that the conditions needed for a housing recovery are...
August 23, 2011

How NAR Calculates Existing-home Sales

By Robert Freedman, senior editor, REALTOR® Magazine In response to media coverage about the calculation of existing-home sales, NAR Chief Economist Lawrence Yun yesterday walked reporters through the association’s methodology for calculating its monthly EHS figures as part of...
February 24, 2011

Who Is Real Estate’s Person of the Year?

By Brian Summerfield, Online Editor, REALTOR® Magazine A lot of year-end retrospectives have come out in the past couple of weeks, and two of the more notable ones for the real estate industry were Inman News’ annual 100 Most...

This Week, New Orleans Becomes ‘NARleans’

By Brian Summerfield, Online Editor, REALTOR® Magazine The biggest and most important real estate convention rolls into the Big Easy this week, and the excitement in the air is as palpable as the humidity. With engaging sessions, top-notch vendors,...
November 2, 2010

Moratorium Would Knock Out 20% of Market

By Robert Freedman, senior editor, REALTOR® Magazine A government-mandated foreclosure moratorium would take about 20 percent of homes available for sale off the market, and that’s something that would hurt the home sale market today and hinder the recovery...
October 26, 2010

Economic Update: Mixed Signals

By Brian Summerfield, Online Editor, REALTOR® Magazine If attendees of NAR’s 2010 Leadership Summit were seeking some clarity around today’s “good news, bad news” economy, what they actually got was, well, good news and bad news. In an economic...
August 6, 2010

Vacation Homes: Surprisingly Strong

By Brian Summerfield, Online Editor, REALTOR® Magazine In today’s real estate market, in which money and credit are tight and many consumers are still uncertain about their financial future, you (and by “you” I mean “me”) would probably think...
April 23, 2010