NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

According to Yun, the U.S. needs to spur stronger growth in the housing market by increasing inventory through stepped-up new construction – and only more new homes will ease tight inventories and help slow home price gains. Last year, only about 900,000 homes were started, a 50-year low and half the amount that’s needed, Yun said.

Chicago area home prices up 14 percent in October Chicago PMSA home sale prices, however, shot up a healthy 10.5 percent over the same time. On the state level, Illinois median home prices have already recovered to the pre-recession levels.

Check this page each quarter for updates to the Phoenix, arizona real estate forecast. Phoenix Real Estate Market Trends. Let us find out how is Phoenix real estate market doing in 2019. Phoenix real estate market trends indicate an increase of $4,900 (2%) in median home sales and a 3% rise in median rent per month over the past year.

 · Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a 2019 housing and economic forecast presented at.

Market for home construction workers improves, still rough Texas is one of the largest and most important construction markets at both. regional and national level, driving construction nationally at a time when most of the country is still. Texas is also a national leader in green building, a rapidly growing.. While construction workers make up roughly 6% of the workforce, hospital.

Purchases of previously owned homes, which account for about 90 percent of the market. is helping,” Yun said. Realtor confidence and buyer traffic are “solidly up.” Before May, the housing industry.

“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.” – David Lereah, NAR mouthpiece/economist – August 2005 "The steady improvement in.

NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains Sales of new homes probably will reach a 12-year high this year as builders scramble to meet demand from entry-level buyers, according to Lawrence Yun, chief economist of the National Association of realtors. existing home sales probably will be flat, he said.

Pending home sales fell. price gains are going to decelerate and potential sellers are considering that now is a good time to list and bring more properties to the market.” When it comes to rising.

Monthly mortgage payment almost 40% cheaper than 2006 How Much House Can You Afford? Prepare To Buy A Home. The golden rule in determining how much home you can afford is that your monthly mortgage payment should not exceed 28. In Michigan the mortgage taxes and insurance for my house is cheaper than renting an apartment. The apartment would.

NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains Posted on May 17, 2019 by admin in News New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors.

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NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains – The number of new houses sold in 2019 probably will total 667,000. Sales of existing homes, which tumbled 3.1% in 2018 as mortgage rates rose to an eight-year high, probably will be flat this year, May 30, 2019. 0. 12. facebook. twitter. Google+. Pinterest.