From GlobeNewswire: 2024-05-07 13:42:00

Chief Economist Lawrence Yun of the National Association of Realtors® predicts a drop in interest rates in the long term. Home sales are expected to rise in 2024 to 4.46 million and in 2025 to 5.05 million. Yun also noted that rents will stabilize, leading to a lower consumer price index. The wealth gap between homeowners and renters is significant, with homeowners having a median net worth of $396,200 compared to renters with $10,400. Yun emphasized the importance of a strong local economy for a robust housing market and highlighted the role of referrals in the real estate business.



Read more at GlobeNewswire: NAR Chief Economist Lawrence Yun Predicts Falling Long-Term