Reporting to you live from the 2015 Realtors® Legislative Meetings & Trade Expo!
Earlier this morning, NAR chief economist Lawrence Yun presented his mid-year economic and housing forecast to a packed room of Realtors®.
The takeaway from Yun’s forecast is that he expects existing-home sales to finish the year at their highest pace since 2006. However, he did caution that accelerating price growth and rising mortgage rates have the potential to slow the pace.
See below for the rest of his forecast on the housing market and economy: