Comments on: “Without forecasts, we don’t look credible”

By: Days on market redux and the listing agent show

Days on market redux and the listing agent show — Mon, 07 Apr 2008 15:24:12 +0000

[...] Jim Duncan had lunch with Dr. Lawrence Yun, Chief Economist of The National Association of REALTORS, one day last week. Dr. Yun had some interesting comments on a lot of things, including the days on market statistic. Take a quick read of Jim’s post, paying particular attention to the part on this subject. [...]

By: Karl Burger

Karl Burger — Fri, 04 Apr 2008 17:56:25 +0000

I’ve been impressed by what I have seen from Yun. Must have been an honor to have lunch with him. Hopefully, he can give our association more credibility in the long term.

By: Short Seller

Short Seller — Fri, 04 Apr 2008 15:46:38 +0000

Interesting stuff. It’s difficult, however, for Yun’s work to be viewed as independent in that it is almost always accompanied by a “Now is a GREAT time to buy” or a “real estate is always a GREAT investment” statement from the sitting NAR president. So he’s got that and the track record of his predecessor to overcome in an environment where people are becoming more cynical about the virtues of those who work in the real estate profession. Tough job.

By: Dr. Lawrence Yun Is A Zebra | The Real Estate Zebra

Dr. Lawrence Yun Is A Zebra | The Real Estate Zebra — Fri, 04 Apr 2008 14:03:01 +0000

[...] Bogdanovic Jim Duncan Scott Rogers @ VARBuzz Matthew Rathbun @ AgentGenius Ben Martin, blogger and VAR Staff/Social Media [...]

By: Julie Emery

Julie Emery — Fri, 04 Apr 2008 12:19:41 +0000

Dr. Yun is certainly a huge improvement over his predecessor. I think he’s got his work cut out for him on data integrity!
The flip side of “self-fulfilling prophecy” is that if we’re all sunshine in the midst of doom and gloom we look like uninformed idiots, not professionals at the top of our game!

By: Kristal Kraft

Kristal Kraft — Fri, 04 Apr 2008 03:20:36 +0000

It is nice to learn from such a well respected bloggers in attendance that Mr. Yun came off well. I like the fact he takes “the buck stops here” attitude. So few do today.

As far as integrity of the data, I doubt most agents playing the DOM game even think about the BIG picture. They are trying to do what they perceive best for the seller.

Data integrity is paramount, that is a given. Someday maybe we will achieve it, but I won’t be holding my breath.

Thanks for taking the time to report your observations.

By: Charleston real estate blog

Charleston real estate blog — Thu, 03 Apr 2008 19:14:52 +0000

Great stuff Jim, I’m going to forward the DOM quote to my broker who is on the Charleston MLS board trying to straighten out the “relist, refresh, deceive” concept currently employed by many Realtors in the Charleston area.

By: “Without Forecasts, We Don’t Look Credible” | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investments

Thu, 03 Apr 2008 19:04:50 +0000

[...] “Without Forecasts, We Don’t Look Credible”, by Jim Duncan. [...]

By: Dr. Lawrence Yun . . . Driven, Independent and Perceptive | VARbuzz

Dr. Lawrence Yun . . . Driven, Independent and Perceptive | VARbuzz — Thu, 03 Apr 2008 18:51:31 +0000

[...] “Without Forecasts, We Don’t Look Credible” (Jim @ realcentralva.com) [...]