With the vaccine rollout in full swing across the U.S., everyone’s wondering the same thing: When will life return to “normal”? Will it return to normal? One of the biggest questions, however, has been, “Will there be a housing crash and will markets top out?”
National Association of REALTORS® (NAR) Chief Economist and Senior Vice President of Research Lawrence Yun shed some light on this during the session “Spring Market Update: How 2021 Has Unfolded So Far…and What Lies Ahead,” held during RISMedia’s “Spring Into Action” virtual event on April 8, co-presented by NAR.
RISMedia made a limited number of “Spring Into Action” sessions accessible to the public. Watch the dynamic session in the video below:
Stay tuned to rismedia.com for additional coverage of RISMedia’s “Spring Into Action” virtual event.
Spring Into Action 2021 Sponsors
Diamond Sponsors
National Association of REALTORS® Center for REALTOR® Development
Real Estate Webmasters
Master Sponsor
CENTURY 21®
The Corcoran Group
Host Sponsor
Lone Wolf Technologies
Qualia
Realtors Property Resource, LLC
Rocket Mortgage
Event Sponsors
CoreLogic
David Knox Productions, Inc.
The Institute for Luxury Home Marketing
Pillar To Post Home Inspectors®
Sherri Johnson Coaching & Consulting
Hit every major point affecting the market. Just NO INVENTORY in the lower end is just frustration to all of us. BOB GRAVES, Associate Broker
In Arizona, appears to be anomalous to the rest of the Country as the Active MLS inventory remains low, the unit sales have increased 40+% over the last two years (2019-2021). This indicates an increase of 40% more homes available in the market. Looking at closed sales by price ranges, the only price range that has sold fewer homes over the last 2 years is $100,000-$299,999. The closed unit counts in EVERY other price segment have increased between 50%-150%. The buyers who have been most affected are the first-time homebuyers qualifying at or below $300,000
Great concise report! Thank you.