Big Expectations For Home Sales Through 2018 According To National Association Of REALTORS ®

Dated: 06/06/2017

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Big Expectations for Home Sales Through 2018

DAILY REAL ESTATE NEWS | FRIDAY, MAY 19, 2017

More homes are predicted to be sold this year than in more than a decade. In 2017, the number of existing-home sales is expected to increase about 3.5 percent to 5.64 million. By 2018, existing-home sales will likely rise another 2.8 percent to 5.8 million, according to forecasts by the National Association of REALTORS®.

The rise in new jobs, pent-up household formation, and increasing consumer confidence are helping to propel the housing market forward, says Lawrence Yun, NAR’s chief economist.

The new-home sector is also expected to see a surge over the next year. New-home sales are expected to rise 10.7 percent this year to 620,000. The sector is also expected to tick up another 8 percent in 2018 to 670,000 sales, NAR predicts........

Full article here. 

National Association of Realtors. 

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Delania Branham - R(S)

How lucky I am to wake up everyday in my home in Hawaii! If you had asked me nine years ago if I would ever move to Hawaii the answer would be a resounding "No" and yet here I am. My motto is "Never....

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