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

WASHINGTON, May 18, 2017 /PRNewswire/ — The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales. Yun. "The combination of the.

You can check this page of LittleBigHomes each quarter for updates to the Chattanooga Real Estate Market Forecast. Chattanooga Real estate market trends. chattanooga real estate market trends indicate an increase of $12,500 (8%) in median home sales and and a 4% rise in median rent per month over the past year.

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Lawrence Yun. likely temper sales growth to around 3 percent (5.45 million) in 2016. Home prices are expected to slightly moderate from a 6 percent increase in 2015 to 5 percent next year. "Unless.

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NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on.

The National Association of Realtors’ Housing Opportunities and Market. Yun’s upgraded forecast expects that existing home sales will drop by 1.6 percent to 5.46 million in 2018, while the national.

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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, sales are.

The median forecast. of new homes are driving orders at builders such as Toll Brothers Inc. and Hovnanian Enterprises Inc. In addition, sales of distressed properties are starting to account for a.

But Congress pushed back the date and broadened the program with a new credit of up to $6,500 for buyers who relocate. But there appeared little risk a potential double-dip in housing would. buyers.

The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting conditions could impact you if you plan to buy, sell, or refinance this year. HOME VALUES WILL INCREASE. The value of real estate will continue to rise.