As reported earlier today, pending home sales in March increased (1.1%) for the third straight month and remained at their highest level since June 2013. A solid start to the spring buying season.
A gradual improvement in home sales is expected in the months ahead, but insufficient supply and accelerating prices could be a drawback to sales reaching their full potential.
Earlier this afternoon, Lawrence Yun conducted a live Twitter chat on NAR Research’s page discussing his expectations for housing and the economy.
Below is a recap of a few of Lawrence’s comments. His full economic outlook can be found here.