NAR's 2017 midyear forecast: Will homeownership rebound?

Robust job gains and growing household confidence to propel existing-home sales, but homeownership will be hampered by inventory, affordability
  • National Association of Realtors Chief Economist Lawrence Yun presented his midyear forecast at the 2017 Realtors Legislative Meetings and Trade Expo.
  • Yun says the future success of the housing market heavily depends upon housing starts, which need to be at 1.5 million to fulfill buyer demand.

National Association of Realtors Chief Economist Lawrence Yun presented his midyear forecast at the 2017 Realtors Legislative Meetings and Trade Expo.