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.




Robinson Team Of Keller Williams Realty Ranked Number 1 In Southeast Region

Jay Robinson and the local Robinson Team were ranked as the Top Group in the Southeastern Region of Keller Williams Realty for the month of June.  The local office outpaced groups from Atlanta, Nashville, Savannah that also made it to the Top Ten list.  Mr. Robinson noted that the ranking is one shared by his entire team.  “We have such an amazing group of professionals ... (click for more)

Nation's Largest Tiny House Event Coming To Chattanooga

The United Tiny House Association, organizer of the for-charity Tiny House Festivals and the Nation’s largest tiny house event held in Florida, is bringing its for-charity Tiny House Festival to Chattanooga. The 2017 Tennessee Tiny House Festival is coming to Audubon Acres Sept. 8-10. The United Tiny House Association will be bringing dozens of tiny houses and micro ... (click for more)

Man Wanted For Ohio Murder Taken Into Custody At Ooltewah Residence

A man wanted for a murder in Ohio has been taken into custody at a residence in Ohio. Frank Charles Mosier, 30, was charged Friday with a 2016 slaying during a robbery. Authorities on Sunday afternoon got word that Mosier was at 9133 Pleasant Lane, which is off Ooltewah-Georgetown Road. Multiple deputies went to the residence after reports that Mosier was armed and dangerous. ... (click for more)

Pair Arrested In Connection With Lookout Mountain Vehicle Thefts, Break-Ins

Police on Lookout Mountain said two arrests have been made tied to the theft of  two vehicles stolen from a home in Lookout Mountain, Ga., last week.   In connection to the vehicle thefts, seven other vehicles were entered and several items were stolen. Lookout Mountain, Ga., Chief Todd Gann said, "Early  Wednesday  morning, a Georgia resident noticed ... (click for more)

Do Something To Protect Our Children

It is unconscionable in this day and age that these children had to exist in such deplorable conditions and that an innocent baby suffered and died alone in a locked car.  Yes, there is blame and accountability considering this family had child neglect charges filed a few years ago (that were apparently dropped and expunged) and a large part of the responsibility should ... (click for more)

Roy Exum: Not Many Know This

The best story of the summer – by far – came out of Panama City over the Fourth of July weekend when over 80 total strangers on a Panama City beach responded to screams. Two boys, ages 14 and 11, were caught in a rip tide and all of these “angels” quickly formed a human chain -- over 80 people with their arms locked -- to stretch out in the water, reach those kids and tug them out ... (click for more)