NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

3 SIGNS 2019 IS GOING TO BE A HOT MARKET – Existing homes sales, housing units authorized (but not yet started) and real disposable personal income will be key indicators We all know last year was a seller’s market in residential real estate. Supply has been low and housing starts are down 1.4 percent year-over-year, which [.]

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“The job market is weakening,” said Mark Zandi. The Federal Reserve last month cut its outlook for economic growth for the next two years and forecast no interest-rate hikes for 2019. The ADP data.

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NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains fri, 17 May 2019 13:22:00 -0400 New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors.

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 · The burgeoning iBuying industry is giving smaller companies a chance to challenge the housing market’s behemoth: Zillow Group. That’s according to a new.

NAR forecasts existing home sales to rise to post-crisis high in 2018 – NAR also predicted if the Republican tax bill passes, it could act as a disincentive to homeownership and hold back strong sales activity, according to its residential housing and economic forecast..

Looking to next year, Yun shared his forecast for home sales and median home prices. "The forecast for home sales will be very boring – meaning stable," said Yun. With a few months of data remaining in 2018, Yun estimates that existing-home sales will finish at a pace of 5.345 million – a decrease from 2017 (5.51 million). In 2019.

Trump announces in NAR speech that he’s lifting steel and aluminum tariffs Fri, 17 May 2019 17:24:00 -0400 President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting.

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Fannie Mae, the largest mortgage financier, boosted its forecast for mortgage rates and lowered its prediction for GDP growth for the remaining quarters this year, citing the.

Golf Tournament – Oregon Manufactured Housing Association – Poor credit scores keep Gen Xers from entering the housing market; NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains; The We Company launches real estate acquisition, management platform; Redfin: Last year’s tax reform bill impacted fewer homebuyers than expected