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Realtors: Home Prices to Rise 4 Percent in 2010

Started by stevejhx
about 16 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
The chief economist for the National Association of Realtors says home prices will grow 4 percent next year and home resales will keep rising as the housing market continues to recover. http://www.nytimes.com/aponline/2009/11/13/business/AP-US-Realtors-Outlook.html Hope springs eternal.
Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

It's widely known what the role of chief economist of the NAR is. Only the naive and gullible need listen.

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

Good thing the NAR Advocated this. LMAO! Way to go Larry, Do you have a leisure suit too?

Lawrence Yun, the NAR's chief economist, attributed rising sales to the federal tax credit of up to $8,000 for first-time home buyers. "We can't underestimate just how powerful a catalyst the first-time home buyer tax credit has been for the housing sector," he said in statement.

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Response by bjw2103
about 16 years ago
Posts: 6236
Member since: Jul 2007

This is nationwide, no? Given that pricing has seemingly bottomed in other markets, I don't see this as a shocker. Obviously NAR is a biased organization, but I don't see this as a boldfaced lie. What's with you two?

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

Thats the most bearish sign I've ever heard!

The shill who has been yelling 40% changes it to only 4%!

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

I always found this one funny...

http://www.narwisdom.com/?p=116

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

I don't recall , did the NAR ever predict falling house prices?

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