Housing experts: Surprising home sales increase has a downside
NAR’s existing home sales report came out Wednesday, shocking the industry with its increase. Sales hit their highest point since 2007, a clear sign that the housing recovery continues.
However, experts point out the hurdles the market will face in the new year.
The increase is definitely great news for the housing industry. In fact, NAR Chief Economist Lawrence Yun stated that the housing market is at its best point now than it has been since the great recession.