Items Tagged with 'Lawrence Yun'

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What's in store for housing in 2017?

The National Association of Realtors answers, gives forecast for next year
Low housing inventory levels plagued the market last year, and it's still not over. So will next year bring better news or more houses on the market? The National Association of Realtors gave its forecast for next year at the 2016 Realtors Conference & Expo. The forecast, while not likely to solve all the shortage problems, is still positive.
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Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016
The positive recent news for existing-home sales is predicted to last through the whole year, meaning 2016 could the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year's Realtors Legislative Meetings & Trade Expo. Here's more of why Yun is so bullish.
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Pending home sales barely increase, driven by surge in the Northeast

There’s a silver lining for potential homebuyers
After a series of declines, pending home sales, while small, posted a slight increase, largely fueled by a surge in the Northeast. On the positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low.
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Existing home sales to finish 2015 at record level

Housing starts struggle to keep up
Existing home sales are expected to finish the year at their highest level since 2006, according to the National Association of Realtors’ economic forecast. However, there are still several variables hanging in the balance that could change this.
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