Housing Market and Economic Outlook 5/15/2014
These slides are extracted from the presentation given by Lawrence Yun, Ph.D., NAR Chief Economist, to the Residential Real Estate Forum at the 2014 REALTORS® Party Convention & Trade Expo in Washington, DC on May 15, 2014.
Recent Home Sales Slowdown Causes
- Bad winter
- Lack of Inventory
- Fast Rising Home Prices
- Mortgage Difficulties
- Mortgage Rate Increases
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| Monetary Policy |
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| Economic Forecast |
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| Pent Up Housing Demand |
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| Housing Forecast - 2014 existing home sales lower than 2013 and 2015 |
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