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Sunday, May 18, 2014

Housing Forecast through 2015 by the National Association of REALTORS®

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

Monetary Policy
Economic Forecast

Pent Up Housing Demand
Housing Forecast - 2014 existing home sales lower than 2013 and 2015

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