In the architectural age of minimalism and millennial gray, a wild and whimsical antidote made of old clinker bricks and jumbled shingles sits on a quiet street at the edge of L.A.... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on today’s announcement from the Federal Reserve: “The Fed’s half-point rate cut decision is the beginning of six to eight rounds of further... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on today’s jobs report data: “Mortgage rates are plunging on the news of weak job growth and rising unemployment. The 4.3% unemployment rate... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on the January housing starts data: “Housing starts collapsed in January. More snow than usual fell across parts of the country, but the... Read more »
After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation... Read more »
Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National... Read more »
Statement From NAR Chief Economist Lawrence Yun: Current State of Housing Market and Market Forecast
“The current problem related to the housing market is limited supply. Even before the onset of the pandemic, in 2019, there was a shortage of approximately 4-to-5 million housing units in America.... Read more »