NAR Chief Economist Sees Rosier Home Sales on Horizon — RISMedia

During a virtual Real Estate Forecast summit hosted by the National Association of Realtors® (NAR) July 16, NAR Chief Economist Dr. Lawrence Yun emphasized the financial success of real estate investments and the current state of mortgage debt and real estate net worth. He also discussed the impact of interest rates on housing demand, job growth and potential market recovery scenarios. 

The event also focused on market trends and original data tracked by economists, providing insights for agents to aid clients in making data-driven decisions. NAR Deputy Chief Economist Jessica Lautz addressed challenges faced by first-time homebuyers and the dominance of all-cash buyers, offering strategies to navigate misinformation in the market, while NAR Research…