Listen to Lawrence

January 5, 2010 at 2:52 pm

Below is a video of my idol Lawrence Yun, NAR chief economist, explaining pending home sales over the past year.

Lawrence is the man. Below are three important things to note:

• We expected this downturn. People thought the first-time hombuyer tax credit would be ending November 30, explaining the huge surge in September and October. Thankfully it was extended and expanded!
• We currently have had an “exceptionally low, rock-bottom mortgage rates,” and consumers need to recognize this is not sustainable. Lock in at these rates now because mortgage rates are anticipated to creep higher by spring 2010.
• The November 2009 Midwest index is 9.2% higher than November 2008. Repeat, 9.2% higher!

Bottom line: Take advantage of the extended and expanded homebuyer tax credit before it is too late!

One Response to “Listen to Lawrence”

1. Erederic says:

   August 9, 2011 at 9:38 am

   Great One…

   I must say, its worth it! My link, http://yaplog.jp/debra/,thanks haha…

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