...the housing market will improve from a steady unleashing of pent-up demand, and from a wide abundance of safer mortgage products.Yet the NAR is now predicting a 2008 that looks like this: flat demand for existing housing, no recovery for new housing, and prices that are at best even. Does any of this sound remotely like "unleashing pent-up demand" to you? And does the umpteeth downward revision in the NAR's forecast inspire anything remotely like confidence in anyone? And yet Yun ends up on Bloomberg with a straight face. Maybe he makes more sense in person, I don't know.