2017 Real Estate Forecast

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Below is an excerpt from a recent interview with Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), regarding his forecast “for the 2017 housing market:
“According to Yun, interest in buying a home is the highest it has been since the Great Recession. Households are feeling more confident about their financial situation, job growth is strong in most of the country and the stock market has seen record gains in recent months. While these factors bode favorably for increased sales in coming months, buyers are dealing with challenging supply shortages that continue to run up prices in many areas.”
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