NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017

WASHINGTON (May 18, 2017) – The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. That’s according to speakers at a residential real estate forum here at the 2017 REALTORS® Legislative Meetings & Trade Expo . Lawrence Yun, chief economist of the National... Read More...(read more)

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