NAR Chief Economist Upbeat On Jumbo Market
NAR Chief Economist Lawrence Yun says lenders are slowly getting back into the game because the climate of dread is lifting.
Analysts and business executives are reevaluating scenarios to include the improved conditions among lower-priced homes- largely due to the buyer tax credit and steeply discounted pricing.
This in turn is creating additional confidence and good will for higher priced properties. In other words encouraged by the performance of the lower priced units and improved equity prices, financial institutions are somewhat more apt to get back into the business of loaning money rather than hoarding cash.
