Lawrence Yun, Chief Economist, NAR – “We’re Moving in the Right Direction!”

Chart Home SalesLawrence Yun (video feed), NAR Chief Economist explains, “In the past two years, home buyers have been very successful, with super-low loan default rates, partly because of stable home prices during that time. That trend is likely to continue in 2011 as long as there is sufficient demand to absorb inventory,” Yun said. “The latest pending sales gain suggests activity is very close to a sustainable, healthy volume of a mid-5 million total annual home sales. However, sales above 6 million, as occurred during the bubble years, is highly unlikely this year.”

 

 

 

 

Chris Weymouth, Director - REALTORChris Weymouth, REALTOR®
The Weymouth Group at Keller Williams Select Realtors
theweymouthgroup@verizon.net
443-280-1922 Mobile