Recovery to Normalcy - Colorado Housing Overview and Forecast

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Lawrence Yun, Ph.D., Chief Economist, NATIONAL ASSOCIATION OF REALTORS Presentation to Denver Metro REALTORS, Denver, Colorado, November 17, 2010

Text of Recovery to Normalcy - Colorado Housing Overview and Forecast

  • 1. Recovery to Normalcy
    Lawrence Yun, Ph.D.
    Chief Economist
    NATIONAL ASSOCIATION OF REALTORS
    Presentation to Denver Metro REALTORS
    Denver, Colorado
    November 17, 2010
  • 2. Federal Reserve FOMC
    • Ben Bernanke (Chairman):
    • 3. Outlook remains unusually uncertain
    • 4. Alan Greenspan (former Chairman):
    • 5. If home prices start falling again, we could be facing a double-dip recession
    • 6. James Bullard (St. Louis Fed):
    • 7. The U.S. is closer to a Japanese-style deflationary outcome
    • 8. Thomas Hoenig(Kansas City Fed):
    • 9. Too rapid money creation results in eventual high inflation