Posts from October 16th, 2008
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16
NAR economist speaks at Crye-Leike conference, gives mixed outlook - Memphis Business Journal
Thursday, October 16, 2008
Memphis Business Journal
The National Association of Realtors' chief economist gave Thursday a mixed outlook on home prices and sales as potential homebuyers in the southern U.S. remain on the sidelines.
Lawrence Yun spoke Thursday at Crye-Leike Inc.'s national conference in Sandestin, Fla., according to a company release. He said the tightening credit market and pessimistic buyer psychology are the two key factors in the nation's current housing slowdown.
"I see tighter credit availability and buyer psychology as the two key ingredients holding people back from buying homes today," he said, according to a transcript. "I believe the confidence of buyers has been shaken by the current crisis on Wall Street and the ongoing housing slowdown. It has resulted in many buyers remaining on the sidelines in Tennessee, Arkansas, Georgia, Mississippi and a...
16
NATIONAL ASSOCIATION OF REALTORS CHIEF ECONOMIST DR. LAWRENCE YUN OFFERS A MIXED OUTLOOK ON HOME PRICES AND HOME SALES AT 2008
"I see tighter credit availability and buyer psychology as the two key ingredients holding people back from buying homes today," said Dr. Lawrence Yun. "I believe the confidence of buyers has been shaken by the current crisis on Wall Street and the ongoing housing slowdown. It has resulted in many buyers remaining on the sidelines in Te...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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