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The National Association of Realtors® (NAR), holding its annual conference in San Diego, heard from chief economist Lawrence Yun about the prospects for residential real estate in 2022. Yun told NAR members that the market, which performed exceptionally well during the height of the pandemic, continues to be promising. "All markets are seeing strong conditions and home sales are the best they have been in 15 years, Yun said. "The housing sector's success will continue, but I don't expect next year's performance to exceed this year's ." As of the September existing home sales report, those sales were on-track to end that year at 6.29 million transactions. Yun expects 2022 to fall 1.7 percent below the final 2021 totals. Yun says one unknown for the coming year is how remote work opportunities
Housing News
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The National Association of Realtors® (NAR), holding its annual conference in San Diego, heard from chief economist Lawrence Yun about the prospects for residential real estate in 2022. Yun told NAR members that the market, which performed except... (read more)
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Rob Chrisman
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This morning I head to Kansas for the MBAKC annual membership luncheon later this week. Home price appreciation is doing just fine in Kansas City , and has been for quite some time, and here’s a fact: the windiest city in the United States is D... (read more)
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Housing News
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Foreclosure filings increased in the fourth month following the July 31 expiration of the pandemic related moratorium. ATTOM says those filings were up 5.0 percent in October compared to September with 20,587 properties the subject of a default notic... (read more)
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