From GlobeNewswire: 2024-11-08 16:55:00

The housing inventory shortage is beginning to improve, mortgage rates are stabilizing, and job additions are continuing, according to NAR Chief Economist Lawrence Yun. Yun highlighted the record-high household equity in real estate, with a $35 trillion increase in wealth for homeowners in 2024. He emphasized the importance of entering the housing market to accumulate wealth, especially for younger Americans and first-time home buyers. Yun also addressed the impact of job gains on home sales and predicted a 10% boost in existing-home sales in 2025 and 2026, with new home sales and median home prices also projected to increase.



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