Lunch with Dr. Lawrence Yun in Park City, Utah
We had lunch last week with Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®. Dr. Yun was relatively bullish for the near-term future of resort real estate market conditions in the Park City & Deer Valley areas.
Dr. Lawrence Yun-NAR Chief Economist & Erik Asarian-Branch Broker Keller Williams
One might suspect the Grand Poobah of REALTORS® might spin the data into a good news story, but he had the facts to back up his assertions.
Key factors in his case for continued market recovery included:
- Massive reduction in available properties for sale compared to a couple of years ago
- Anemic number of new housing starts in Summit County, Utah
- Affordability (low…
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