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Join Natalie Pace for an exclusive interview with Dr. Lawrence Yun, the chief economist of the National Association of Realtors.
According to the National Association of Realtors, "The national median existing single-family home price was $186,100 in the third quarter, up 7.6 percent from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006 when the median price rose 9.4 percent. In the second quarter the price increased 7.2 percent from a year earlier." On the other hand, RealtyTrac VP Daren Blomquist ways that "the other shoe is dropping quite loudly in certain states, primarily those where foreclosure activity was held back the most last year."
So are we in recovery? Will real estate experience fits and starts? What's going on from a regional perspective? Have lending standards become more reasonable? Learn all this and more from one of the leading real estate experts in the U.S., Dr. Lawrence Yun.
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It's good to talk.