Yun on housing market

[Trojan4Life]

I need to get one of these jobs…I swear he must be pulling down at least $250K a year and all he has to do is make stupid statements like this one:

“Subprime loans and other risky mortgage products have virtually disappeared from the marketplace,” said Lawrence Yun, NAR chief economist. “Over the past five months, this has been reflected in soft but fairly stable home sales.”

http://money.cnn.com/2008/02/25/news/economy/existing_home_sales/?postversion=2008022511

Soft, but fairly stable…like a 23% drop in sales y-o-y is stable?

Chicken Little might have been more credible…

[sfexporter]

I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

[sfexporter]

I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

[sfexporter]

I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

[sfexporter]

I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

[sfexporter]

I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

[cr]

Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

“Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

Nice try Liar Lawrence.

[cr]

Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

“Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

Nice try Liar Lawrence.

[cr]

Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

“Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

Nice try Liar Lawrence.

[cr]

Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

“Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

Nice try Liar Lawrence.

[cr]

Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

“Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

Nice try Liar Lawrence.

[barnaby33]

Never ask a barber if you need a haircut, the answer is always the same.

Josh

[barnaby33]

Never ask a barber if you need a haircut, the answer is always the same.

Josh

[barnaby33]

Never ask a barber if you need a haircut, the answer is always the same.

Josh

[barnaby33]

Never ask a barber if you need a haircut, the answer is always the same.

Josh

[Author]

Posts