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2012 Economic and Housing Market Outlook

2012 Economic and Housing Market Outlook

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Published by narwebteam

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Published by: narwebteam on Apr 10, 2012
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12/09/2012

 
Economic and Housing Market
Lawrence Yun, Ph.D.Chief Economist
NATIONAL ASSOCIATION OF REALTORS
 ® 
Presentation at 2012 Resort and Second-Home SymposiumKiawah Island, SC
March 19, 2012
 
OUTLOOK
 
Monthly Existing Home Sales … Recovering
 
3,000,0003,500,0004,000,0004,500,0005,000,0005,500,0006,000,000
   2   0   0   8  -   J   a   n   2   0   0   8  -   M   a   r   2   0   0   8  -   M   a   y   2   0   0   8  -   J   u    l   2   0   0   8  -   S   e   p   2   0   0   8  -   N   o   v   2   0   0   9  -   J   a   n   2   0   0   9  -   M   a   r   2   0   0   9  -   M   a   y   2   0   0   9  -   J   u    l   2   0   0   9  -   S   e   p   2   0   0   9  -   N   o   v   2   0   1   0  -   J   a   n   2   0   1   0  -   M   a   r   2   0   1   0  -   M   a   y   2   0   1   0  -   J   u    l   2   0   1   0  -   S   e   p   2   0   1   0  -   N   o   v   2   0   1   1  -   J   a   n   2   0   1   1  -   M   a   r   2   0   1   1  -   M   a   y   2   0   1   1  -   J   u    l   2   0   1   1  -   S   e   p   2   0   1   1  -   N   o   v   2   0   1   2  -   J   a   n
Tax Credit ImpactOld DataNew Data
 
 Annual U.S. Existing Home Sales …
Flat Line for 4 tough years
01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,000
      1      9      8      1      1      9      8      2      1      9      8      3      1      9      8      4      1      9      8      5      1      9      8      6      1      9      8      7      1      9      8      8      1      9      8      9      1      9      9      0      1      9      9      1      1      9      9      2      1      9      9      3      1      9      9      4      1      9      9      5      1      9      9      6      1      9      9      7      1      9      9      8      1      9      9      9      2      0      0      0      2      0      0      1      2      0      0      2      2      0      0      3      2      0      0      4      2      0      0      5      2      0      0      6      2      0      0      7      2      0      0      8      2      0      0      9      2      0      1      0      2      0      1      1

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