In this video, NAR Chief economist lawrence yun talks about November pending home sales, big swings in the West region, affordability, the effect of the government shutdown on flood insurance and home sales, and gives his forecast for 2019.
Pending home sales in December. forward looking indicator for sales, and does not reflect the number of closings. However, new data out of the Federal Housing Finance Agency shows housing prices.
Gary Gately writes: The housing market recovery is for real this. they hit 5%." NAR’s Yun said he expects rates to climb to around 5% by this time next year as the Fed scales back QE but adds that.
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New York Real Estate Predictions 2018 There’s no shortage of doom and gloom talk about a US housing crash that would take NYC down with it. In fact the recent reports of high foreclosure rates in Queens, Bronx and Staten Island are a little alarming. They’re not quite as negative though as those in other.
Join Realty Biz News daily for our featured news and breakings news stories on real estate technology, new real estate transactions, real estate marketing. NAR’s Yun forecasts new home sales.
Existing sales make up about 90% of the total sales market, as new construction continues. of these conditions," said NAR’s Lawrence Yun. "Also, job creation is improving, causing wage growth to.
while retail sales are growing at 5 percent and completions remain low, with rents experiencing solid growth. Two panelists joined Yun to discuss trends in multi-family demand and the impact the.
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In its latest forecast for the real estate market, NAR projected that existing home sales will fall 4.6% this year to 6.18 million, compared with its previous forecast of a 2.9% decline. New home..
(Coincidentally the exact duration of the real estate market implosion.) When the new numbers are released on Wednesday. it found an "updrift" in estimates of home sales. Lawrence Yun, the NAR’s.