Even as the fundamentals in the residential real estate market improve, the commercial sector is “hobbling to recovery,” said NAR Chief Economist Lawrence Yun at the REALTORS® Conference & Expo’s Commercial Real Estate Forum. Read more…
chief economist
Housing Recovery: The Pieces Are There, But the Certainty Isn’t
Pieces are in place for housing to continue on its road to recovery but there remain plenty of uncertainties that can derail the market, NAR Chief Economist Lawrence Yun said at a conference earlier this week. Read more…
Good News in Home Sales
NAR released its pending home sales index figure last week, and for the second month in a row, the index is up. What’s more, the index has broken 100. That’s significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available. “It is the natural, organic power of great affordability conditions and job creation that is bringing the index level up,” says NAR Chief Economist Lawrence Yun. “This is a very encouraging sign.”
Hear more from Lawrence Yun on trends in housing data and sales >
Good Economic Signs for the New Year
Lately, most of the dire economic news has been coming out of Europe. Some U.S.-based analysts are suggesting that problems in Europe are contagious and will doom our economy to another recession. However, NAR Chief Economist Lawrence Yun explains why an economic recession in the United States in the upcoming year looks less and less likely.
