Larry Yun of the NAR spin-machine is back at it today saying that recession "isn't in the cards - no matter how you look at it" and calling for home prices to recover across the country in the second half of this year. How this guy is a high-level economist at the leading trade organization representing homebuyers and sellers is beyond me. Good thing not too many people outside the Realtor pale take him seriously.
From the NAR's release of Yun's economic and housing forecast (excuse me while I puke):
"There are many reasons for people to get into the housing market today, and very few reasons not to. With the plentiful supply of homes for sale at affordable prices, interest rates approaching 40-year lows, and the strong track record of housing as a good long-term investm
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