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Lawrence Yun

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“ We've seen a steady downtrend in housing inventory for well over a year and home prices appears to be in the early stages of stabilizing ”
First-time homebuyers driving recovery
United Press International
“ No doubt many first-time buyers are rushing to beat the deadline for the $8,000 tax credit, which expires at the end of next month ”
Pending home sales rose in August
United Press International
“ The recovery is broad based across many parts of the country ”
Pending home sales extend streak
United Press International
“ The housing market has decisively turned for the better. A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales ”
Existing home sales rose in July
United Press International
“ If the high-end market weakens, those in the middle have to reduce prices ”
Jumbo loans have big problems
United Press International
“ Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy ”
Pending home sales rise for fourth month
United Press International
“ Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market ”
Pending home sales rose in April
United Press International
“ Most of the sales are taking place in lower-price ranges and activity is beginning to pick up in the mid-price ranges, but high-end home sales remain sluggish ”
U.S. home sales rose in April
United Press International
“ This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions ”
Pending home sales rose in March
United Press International
“ More buyers are getting into the market to take advantage of stimulus incentives and much improved housing affordability conditions, but it will take a few months before we could see this turn up in measurable sales contract activity ”
Pending home sales rose in February
United Press International
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