Morning Minute: Despite slower economy, housing expected to expand, Yun says

Image: Bigstock

Image: Bigstock

The U.S. economy may have slowed a little in recent months, but the housing market is expected to remain positive, says Lawrence Yun, chief economist for the National Association of REALTORS®. In his most recent commentary for Forbes, Yun said steady U.S. population growth will drive continued housing demand. Read more.

“In short there is plenty of pent-up housing demand to keep the positive momentum rolling. Home sales, new construction, and home prices have all been rising and will continue to rise. In fact, it will be housing market gains that will enable the broad U.S. economy to avoid a recession,” Yun said.

In other headlines:

Inventory Relief Coming Soon? – NAR Daily Real Estate News

Here’s how TRID is reshaping title companies – HousingWire

4 New-Home Upgrades to Do Now – NAR Daily Real Estate News

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