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.




Real Estate Transfers For Dec. 4-10

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)

Real Estate Transfers For Nov. 27-Dec. 3

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)

Erlanger To Proceed With Manager Bonuses In 2 Steps; Considering Employee Performance Incentive Plan

Erlanger President and CEO Kevin Spiegel said Wednesday night that the hospital plans to proceed with $1.7 million in manager bonuses in two steps. Current participants in the incentive program will receive 50 percent of the approved 2014 performance plan this month. The remaining 50 percent will be paid to the management group in July 2015. At the same time, Mr. Spiegel ... (click for more)

Caldwell Arrested In Rapes Of 2 Women Over 60 In Brainerd, Hixson

Investigators have made an arrest in the rape cases that were reported last weekend. Taken into custody was Derrick Dewayne Caldwell, 30. He is charged with two counts of aggravated rape and two counts of aggravated burglary. Police said two women over 60 years old were raped in Brainerd and in Hixson in separate incidents. (click for more)

A Letter To The NAACP

I believe when a "unarmed" man is evil, he will try to beat a police officer on his head in hopes to knock him out, in hopes to kill him. We saw the bruises on the officer's face.  This evil force tried to take his gun away from him , Proof was in the autopsy.  Why did Michael Brown  try to take his gun away from him? Exactly, to kill the officer.  ... (click for more)

Roy Exum: The Last Day Of School

AUTHOR’S NOTE: This story first appeared in the Chattanooga News-Free Press in the early 1980s and every year since then I have been asked repeatedly about it. It is easily the most famous story I have ever written – copies have been sent to me from numerous foreign countries -- and it may be the easiest story I ever wrote. All I did was write what the noted religious psychologist ... (click for more)