BiggerPockets

Lets look at it this way. If first time buyers of new homes increased 6% in the month that was supposed to be the last month of its availability, then it is safe to assume that this same 6% will decrease the future new home sales from first time buyers. Take his 4% increase and reduce it by 6% and you have an effective 2% decrease in prices. Now I know that is simplistic math, but probably as effective as his figures.

Ted - That was sort of my point . . . Yun is about as objective as, well . . . he's not.

remember, this is Lawrence Yun making this prediction .... the real estate association's economist .... not exactly a neutral third party.

Yes, that's what I'd like to know - who predicted this and what is it based on? I keep hearing about how there are millions more foreclosures coming in the near future.

This prediction is based on what?