You can relax now, the NAR says everything is fine

Time to buy a house!

We’re heading back to the surface!

And that’s not all: Realtors will all be given new Chevy Volts by Obama.

Lawrence Yun, NAR chief economist, said this is a hopeful indicator going into the spring home-buying season. “Given more favorable housing market conditions, the trend in contract activity implies we are on track for a more meaningful sales gain this year. With a sustained downtrend in unsold inventory, this would bring about a broad price stabilization or even modest national price growth, of course with local variations.”

“Movements in the index have been uneven, reflecting the headwinds of tight credit, but job gains, high affordability and rising rents are hopefully pushing the market into what appears to be a sustained housing recovery,” Yun said. “If and when credit availability conditions return to normal, home sales will likely get a 15 percent boost, speed up the home-price recovery, and thereby significantly reduce the number of homeowners who are underwater.”

Although Yun declined to say how he can look himself in the mirror each morning he insisted that his mother still loves him.  “Still”, he admitted “she’s a little cheesed about that house in Las Vegas I told her to buy.”

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One response to “You can relax now, the NAR says everything is fine

  1. Walt

    Dude –
    Godfather marathon on AMC. Great set of flicks. You agree? Channel 254. You have a TV right? Remember this?
    “I’m schmart!! What about me, Mike? I got passed over!! I’m your older brother, and I’m schmart too!!”
    Great flick. But we can do better than this. What made this movie great? You don’t know, so I will tell you. You dummy.
    Greed. Infighting. Backbiting. Desperation. Some lust. No loyalty. But most importantly, undivided self interest.
    Dude – WE LIVE THERE!! We just name the characters Francis, Buffy, and Muffin. Rip off the whole script. Instead of a cheap Italian restaurant on Gun Hill Road, we make it the RHC. It’s the EXACT same thing, just more expensive!!
    And no vowels for last names. Instead of Sonny Corleone, we have Biff Livingston III. But no one is more self centered than Greenwich folks. This is a LOCK I tell you!! I can write this in my sleep!!
    Plus it won a ton of Oscars, and they didn’t even cast any big breasted hotties. I figure Steph, Kate Upton, and Scarlett Johansson are good for at least two stiff statues. I think we pair you with Ellen Degeneres if we can get her.
    You agree?
    Your Pal,
    Walt