Home Sales Are LOST Not Deferred!

Why Am I So Certain?  Well.. One reason is because Lawrence Yun has stated that "Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year. Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures"  Every time I hear Lawrence Yun say "things are going to be fine... " I start reaching for my wallet. Another reason is Chase Bank's decision to raise their lending requirements to a score of 700 with 20% down.  This is a bellweather event. In today's episode, I will share with you a counter opinon to the National Association of Realtor's position.   #tucson #realestate #home #NAR