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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Smiling Bob7/22/2010 11:26:55 AM
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Maybe we have bottomed
Has Yun ever been pessimistic?
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Sales are likely to keep falling for three to four months, said Lawrence Yun, the Realtors' chief economist. That would likely boost the supply of unsold homes to more than 10 months for the first time since the spring of 2009. And it could push down home prices.

"It's still a fragile situation in the housing market," Yun said.
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