Posted To: MND NewsWire

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…(read more)

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Source: Mortgage News Daily