NAR Chief Economist Lawrence Yun presented his 2018 economic and housing forecast this morning here at the 2017 Realtors® Conference and Expo in Chicago.
Yun expects existing-home sales to rise 3.7 percent next year. However, there are some caveats. Low supply could continue to suppress sales, especially to first-time buyers, and the passage of a tax bill that disincentives homeownership could handcuff what should be stronger activity.
Click on the links below for further insight on Yun’s expectations for the housing market and economy heading into 2018:
2018 Forecast Table