Instead of the usual sunny-side up view of the local housing market by the Nat'l Assoc. of Realtors, the new tack is gloom-and-doom.
"Make room for us on that STIMULUS BANDWAGON!"
Once again, proving that learned, respected economists have too much professional ethics to tailor their message to their paycheck, Lawrence 'Smiley Face' Yun is on board with the Realtor Association's desire for "change you can believe in."
The Realtors group, normally known for its optimistic view of the housing market, is now cautioning against getting too enthusiastic about any recovery — as it lobbies hard for new government tax credits to boost home sales.
“Significant uncertainty still clouds the housing market despite improved affordability conditions,” Lawrence Yun, the group’s chief economist said in a statement. “For a sustainable housing market recovery and, hence, sustainable economic recovery, we need a significant housing stimulus.”
So, expect to see realtors holding car washes, bake sales , telethons, anything to demonstrate just how bad things are for them and how they desperately need their part of the stimulus pie. Lexus dealerships everywhere will thank them.
Noted economist, Lawrence Yun