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.

Read the source article at U.S. Housing Finance News


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Tami L Barber

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Encore Lending Group LLC

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The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice. Information is considered reliable but not guaranteed. This is not a prequalification, preapproval, loan approval or commitment to lend.