NAR Economist Lawrence Yun Answers Questions

From the Economic Issues and Real Estate Business Forum from this year’s Annual Meeting & Expo in New Orleans

• How will the number of consumers that cannot qualify for mortgage financing due to having experienced a short sale or foreclosure affect recovery? (0:48)
• How have the figures for projected shadow inventory been estimated? (2:03)
• How do we address the downward trend of appraisals that is feeding on itself? (3:05)
• What about sellers who are waiting out the current market to list their homes? Won’t this flood the market with inventory at the first stage of recovery? (4:59)
• What are the newest household formation figures and how do they affect pent up demand? (6:11)
• Other than job numbers, what fundamentals will improve the housing market? (7:40)
• What percentage of loans in the U.S. are currently government-backed? (9:28)
• What impact will the loss of federal subsidies to states and municipalities have on property taxes and home values? (10:28)
• Why are both gold and the stock market high? Isn’t it usually the case that stocks are high when gold is low? (11:30)
• Do you think that Fannie Mae and Freddie Mac will survive for much longer? (12:36)