The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017. But supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. These conclusions were part of NAR chief economist …
Continue reading NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017