Analyst paints rosy picture for S. Fla. real estate agents

Did that analyst factor in those LNG terminals that Suez corp wants to build offshore? Which will be close enough to increase Homeowners, & Commercial property insurance by another 50%.

Lastly...

Where is all the money going to come from to pay those projected 20 to 30% higher real-estate proces? Seams where giving all our money to Opec and/or the Chinese... are they going to take over SF??

what a fool, so this idiot is gon tell us what home prices are gona be 5 years from now. thanks, thats a big help for all the working workinf familys facing foreclosure this month. what a pompous ass

Yun is dillusional! Price could increase as soon as THIS YEAR!!.....is he nuts......prices are being slashed week after week in Boca Raton.........adult condos are selling for 2/3rds less than they did in 2005.....

Isn't it amazing how the NAR continues to spread crapola numbers and "analysis" every month hoping the public will gobble it up and perceive a more positive market than is actual reality? Yun's "spin" on our market is just that.
Ever notice how each month they are revising their previous month's forecast downward to come closer to reality? Yun's comments are the same ole same ole cliched BS this association has been spreading continuously for years. What a joke!
Anybody with an inkling of know how can massage a small select sampling of data as the NAR does to portray the most positive results. The spinmeisters at the NAR rival Tokyo Rose and Karl Rove when it comes to propagandizing data and facts. I call it "Realtor Rumpelstilksen Economics". Yun sits at the spinning wheel!
What's amazing is things have gotten SO bad that even the NAR's hype, fluff and puff cannot disguise the severity of this real estate downturn and recession.
Realtor members should begin to analyze the role this Association played in creating the national artificial real estate market; their leading role in disseminating "data and analysis" to continue the inflated, artificial activity; and "milk the golden cow" long past its time. I think that this association's "leadership" should be investigated for unethical, immoral, and potentially illegal practices. In my opinion, the shennanigans and alleged illegal activities performed by real estate brokers and salepersons since 2002 rivals and overshadows the lenders granting of mortgages to unqualified buyers. In many cases, the real estate broker or salesperson "steered" clients to these mortgage brokers and knew buyers would wind up in foreclosure if prices dropped. These are two of the main factors that created the sur-real estate boom and bust now throttling S. Florida and the US economy.
Now would be a good time for some enterprising entrepreneurs to start up a competitive real estate broker and salesperson association where ethics, morality, experience, and professionalism are mandatory requirements verified prior to inclusion.

The NAR is a dinosaur, has become a dis-service to members and the public, and should become extinct.

Yun, it's current mouthpiece puppet, continued the manure spreading in his appearance. Good for a few chuckles, and I'm sure the NAR hopes, to stop the bleeding of dropping realtor membership and income.

Yun is truly out of his mind. Why on earth would he even try to come to one of the worst RE markets in the country and try to sell that crapola here?

In Palm Beach we have somewhere between 3 and 5 YEARS of inventory on the market. Where does he think that's all gonna go? Unless he is thinking a cat 5 is going to hit, and wipe out much of the housing supply, I don't see any basis for the idea of a recovery on his time frame.

The "recovery" will be here when homes are accurately priced again. Go back to 1999 prices, add in inflation each year, and you will find the price where the "recovery" occurs. And that's if (this is a big IF) the stupid legistlature can keep themselves from making further tax/insurance blunders. Keep it up with the "Tax thy neighbor" and "Scr*w the new guy" policies, and the recovery will be delayed even further.

Anyone looking for appreciation before 2011-2012 is truly out of their mind.

It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

National Association of Realtors predicts up swing in RE market?

Did the RE agents remember to sign your check before you bolted?

I don't find the recovery anytime soon.

we'll be fine folks! Do you know of anywhere else where you can wear shorts in January outdoors?

RE Agent wrote:

It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

Exactly.

:)

Who wants to live here when no spekay English?

The few English speakers will get taxed to death to support all the freebies for the illegal aliens in the Big 3 Third World Crime Counties aka hell holes.

I've been a RE broker since 1975 and most of that time, a member of the NAR. It's not the local Realtor leadership that needs or even wants Yun's mierda. It's the rank and file dummies, the fluffheads whose dues keep NAR alive. They ricochet off the walls if the leaders fail to whitewash the truth. So Yun makes a bundle for selling daydreams? To be expected. It was John Maynard Keynes who comforted the corrupt by noting - "In the long run we are all dead"

This says it all he he he

"He does his best to present a positive spin on data that's not based on reality or fact," said Delray Beach housing analyst David Levin.

Vote Yun for president he he he

The only positive thing I can find about this market is that everyone is negative.
Its a classic contrarian play, buy when everyone else is selling, and sell when everybody else is buying.

http://www.newsweek.com/id/140553/page/1

The biggest problem with the American economy is the sky is falling negitive attitude that is forming a foregone conclusion.
I still have my house in Fort Lauderdale and know it will sell for a good price in a year or two again.
And no I don't have a subprime loan or stressed with the payments I have left.
I am working in Singapore and plane loads of asians along with many other foregn buyers are going to the USA to buy the cheap realestate, because they have more faith in America than the pessimests posting on this site, keep waiting for your 100k house you will find your self payng rent to a foregner.

Whistling in the dark. And by someone who isn't putting any real estate investment money where his mouth is. Trust a realtor's convention to revel in delusion.

I didn't realize we had all these people that own crystal balls. I feel things are about a year away from bottoming out and then it will slowly rise. That's what my crystal ball says.

The housing bubble grew out of all reality due to speculators, teaser loans, and down right criminal behavior. The housing industry responded by supply more housing to satisfy "demand" but too much of that demand proved false. Market forces finally hit hard and real estate values are swinging toward the possibility of undervalued housing as the wildest swings upward now experience the wildest downward trends.

The baby boom generation will just begin to turn 65 in 2011. This retirement cohort will peak in the mid 2020s. This phenomenon is likely to have a very significant impact on Florida real estate values.

Prices have already fallen to 2003 levels if you look neighborhood by neighborhood. In suburban Ft. Lauderdale, prices are off by about 35%. With the new additional $25k homestead exemption, the only real concern is homeowner's insurance. For those of us with hurricane code homes inland, that's not even a huge issue. You made it sound rosy when it was frothy and you're making it sound hopeless as we're nearing the bottom. Stop trying to 'sell' newspapers by freaking people out and start reporting the REAL news!