Existing-Home Sales on the Rebound Despite Some Affordability Concerns

WASHINGTON (May 14, 2015) – Existing-home sales are expected to finish the year at their highest pace since 2006, but accelerating price growth and rising mortgage rates have the potential to slow sales, according to an economic forecast forum here at the 2015 Realtors® Legislative Meetings & Trade Expo.

Lawrence Yun, chief economist of the National Association of Realtors®, who presented his midyear economic and housing forecast, was joined onstage… Read More

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