Realtor's Chief Economist Predicts Real Estate Growth

Tuesday, August 12, 2014

The Chattanoogan Hotel on Broad Street played host to a joint luncheon of the Greater Chattanooga Association of Realtors and the Home Builders Association of Greater Chattanooga as they both welcomed Dr. Lawrence Yun, chief economist and senior vice president of research with the National Association of Realtors.

Speaking to a packed room of Realtors and Home Builders, Dr. Yun painted a positive picture of current financial trends that he believes will continue into the next two years.

“After the housing bubble 'bust' of 2008, the real estate market has been sluggish, but continuing to climb back to figures that we’re more accustomed to.” Dr. Yun continued, “Due to interest rates remaining low, home sales have shown an increase, but federal financial regulations, such as the Qualified Residential Mortgage have made it more challenging for home buyers to find adequate financing.”

Speaking on more political issues, Dr. Yun urged the audience to be vigilant concerning strict regulatory measures continuing to decrease the amount of potential first-time buyers and the potential end to the Federal Reserve’s use of Quantitative Easing, to which Dr. Yun stated, “If the Federal Reserve continues to print money, there is the potential to see signs of inflation, which might lead to a direct impact on interest rates for borrowers.”
 
Dr. Lawrence Yun is responsible for a wide range of research activity for the National Association of Realtors, including NAR’s Existing Home Sales Statistics, Affordability Index and the Home Buyers and Sellers Profile Report. Dr. Yun also forecasts and participates in many economic panels for Blue Chip and Harvard University’s Industrial Economist Council. In 2008, USA Today named Dr. Yun among the top 10 Economists in the Country.




Habitat For Humanity Of Greater Chattanooga Greater Area And Thrivent Financial Partner To Improve A Family’s Life

Habitat for Humanity of Greater Chattanooga Area  has been awarded $67,000 from Thrivent Financial to support construction of a Habitat home for an area family, as part of the Thrivent Builds program. This is the eighth home in Chattanooga to be built, thanks to Thrivent’s support. Thrivent Builds with Habitat for Humanity is an ongoing multi-year, multi-million ... (click for more)

Real Estate Transfers For Jan. 22-28

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Girl, 12, Stabs Boy, 13, Twice At Lookout Valley Middle High School

A female student stabbed a male student twice at Lookout Valley Middle High School on Thursday morning. It happened in a middle school classroom. Sheriff Jim Hammond the students are seventh graders.The girl is 12 and the boy 13. He  said the boy was taken by ambulance and went into surgery after the mid-morning stabbing.  He said the boy received a superficial ... (click for more)

Chief Fletcher Gives Maximum Punishment To Officer Who Fired At Vehicle That Backed Toward Him; Attorney Vows To Fight To Reverse Decision

Chattanooga Police Chief Fred Fletcher has given a maximum punishment to an officer who fired four shots toward a vehicle after he said the driver backed into his vehicle with him standing behind it. Chief Fletcher sustained a finding of “improper use of force – discharge of firearm.” He suspended Officer Alex Olson for 30 days without pay – the maximum suspension allowed ... (click for more)

Shelley Andrews Will Be Missed - And Response

Shelley Andrews was one of the kindest, most thoughtful and most effective laborers in our community.  Her work with the Friends of Moccasin Bend was exemplary.  She listened, she learned and she led with dignity and class. Her brave battle with ovarian cancer was a testament to her positive spirit and commitment to her work on behalf of the people of this region. ... (click for more)

Roy Exum: This One’s For ‘Grifter’

Back in October of 2013 a Facebook page called “OAF Nation” was created to “boost the morale” of the heroes who make up our nation’s military.” It was tongue-in-cheek satire, putting funny captions on every-day pictures that showed members of the Army, Navy, Marines and Coast Guard as they defended our country. Our fighting men and women loved it. It quickly went viral and today ... (click for more)