Gone are the days of the real estate industry being a boys club dominated by older white faces today, increasingly, minority groups such as women, a wider range of ethnic groups, and younger generations are shattering glass ceilings and taking on leadership roles, helping to bring about positive change in the industry.
At the start of 2010 the real estate industry faced an economy that was struggling to find a way out of the recession, a bunch of aggressive government bailouts had been propping up the market that at the same time was utilizing taxpayer dollars to restock the corporate bank accounts. This report presents various views of what may lay ahead for the economy.
As NAR’s chief economist and senior vice president of research, Dr. Yun is widely acknowledged as the nation’s foremost residential real estate industry economist. He creates economic forecasts and provides housing market analysis for the trade group and leads NAR’s research group, which includes its marketing research and predictive analytics teams.