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.




Andy Hodes Receives RCS-D Designation

Andy Hodes, with Keller Williams Realty East Brainerd has completed course work to earn the RCS-D  designation as a Real Estate Collaboration Specialist – Divorce. An RCS-D realtor is professionally trained to neutralize divorce real estate as a business transaction in the best interest of the house – and each divorcing spouse. Mr. Hodes can be reached at 423 595-7355 ... (click for more)

Entrepreneurs Bring A Tiny House Lodging Experience To Chattanooga

Live A Little Chatt., a fresh company bringing a luxury tiny house vacation experience to Chattanooga, is officially open for business at the foot of Lookout Mountain.    Live A Little Chatt., the culmination of nearly two years of development by local entrepreneurs Brian Morris and Joe Curro, will assert Chattanooga as a true hub for the tiny house movement.  Live ... (click for more)

City To Begin Shipping Much Of Its Garbage To Bradley County

City Public Works Administrator Justin Holland said the city plans to begin shipping much of its garbage to Bradley County. He said the deal is projected to extend the life of the city landfill at Birchwood by 15 years. Mr. Holland said Bradley County "has a huge landfill and takes garbage from Knoxville and other municipalities. It's regional." He said Bradley County charges ... (click for more)

Man Says He Did Nothing To Provoke Shooting At Bakewell Gas Station; Suspect Says Victim Was Coming Toward Him

A 33-year-old man who was shot in the face during a clash at a Bakewell gas station said he did nothing to provoke the shooting. The man charged said the victim cursed him, then started toward him. General Sessions Court Judge Clarence Shattuck, after a hearing on Tuesday, bound to the Grand Jury a charge of attempted first-degree murder against Donald Stuard II, 29, of Old Washington ... (click for more)

Something Beautiful Happened Monday Night - Not The Debate

Monday, Sept. 26, our first presidential debate happened; no minds were changed.  Yet something beautiful and important happened.  The Atlanta Falcons, my team, played the New Orleans Saints.  Instead of some irrelevant, broad based, screw America protest, the opposing teams locked arms in unity. I was impressed. I have been a Falcon Fan since 1971 when WMOC AM ... (click for more)

Roy Exum: Our 2.0 Embarrassment

Let’s pretend you are coming to a new and exciting world. You are on the jolly good ship “Mayflower” when some Miles Standish-type of a guy (he was the Pilgrim’s first cop) calls you into is presence and says, “Within two hours we are expected to stand on Plymouth Rock. Please come up with ten primary goals we should have in our public schools.” I believe you could do it within ... (click for more)