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Dr. Lawrence Yun, National Association of RealtorsĀ® (NAR) chief economist and senior vice president of research, updated association members on: -recent developments in the housing market (national and local) -the direction of home prices in the next 12 to 24 months -comparisons with past housing cycles -shadow inventory and foreclosure impact -economic backdrop -forecast of economy and housing market Dr. Lawrence Yun is chief economist and senior vice president of research at NAR. He directs research activity for the association and regularly provides commentary on real estate market trends for its one million RealtorĀ® members.
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