Local housing market looking up, real estate economist says

Colorado should fare better than the rest of the nation when it comes to the housing market, according to one economist.

The fallout from defaults in subprime loans continues to make national headlines almost every day, said Lawrence Yun, chief economist for the National Association of Realtors.

But he advised a group of Longmont real estate agents Wednesday to ignore the national stories and focus on what’s happening locally.