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.

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.