NAR Chief Economist: Latest Contract Signing Dip Is Temporary

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In this video, NAR Chief Economist Lawrence Yun talks about May pending home sales, low inventory of homes for sale, short market times, rise in prices, and the lack of affordable homes.

NAR Chief Economist: Latest Contract Signing Dip Is Temporary Nar Daily News Magazine – Thu, 2019-05-30 01:00 "It’s inevitable for sales to turn higher in a few months," says NAR’s Lawrence Yun.

On paper, the latest. Yun, NAR chief economist, said in a statement that the gain was widely anticipated. “The upswing in April existing-home sales was expected because of the tax credit inducement.

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Rising to the highest level in seven months, pending home sales improved "solidly" in February. Up 3.5 percent for the month, the index is higher than this time last year, led by a surge of.

The effect is waning, said Richard DeKaser, chief economist at Woodley Park Research in Washington. Transactions probably will fall to a 4.55 million pace in the three months ending in September, the.

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Pending home sales (contracts signed) hit their lowest level since January after rebounding in July, marking the third drop in four months, according to the National Association of Realtors.

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