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NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

Buyers powered home. to drive home sales into spring, McCabe said. The credit was slated to expire at the end of this month, but the U.S. Congress extended it into spring and has also added a tax.

Let The ocean city realty Group of Ocean City, NJ help you find your perfect homeNAR’s Yun forecast for 2019 housing sales: New homes will drive market gains cmbs delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint Your ability to teach and your willingless to give others a forum to demonstrate their own skill sets makes your site.

Existing-home sales were forecast to. Pennsylvania and New York, the Commerce Department said, which may have been the source of the increase. Improved consumer expectations, fewer firings and.

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NAR’s Yun forecast for housing sales new homes will drive market gains Sales of new homes probably will reach a 12-year high this year as builders scramble to meet demand from entry-level buyers, according to Lawrence Yun, chief economist of the National Association of realtors. existing home sales probably will be flat, he said.

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NEW YORK (CNNMoney) – Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through. During the housing.

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However, Yun pointed out that since job growth is strong in most of the country and the stock market has seen record gains in recent months. savings or compromise on home size or location.".

Mortgage applications tick up 1.6% for week as refis grow Home Mortgage applications tick up 1.6% for week as refis grow. Lending Mortgage applications tick up 1.6% for week as refis grow Mortgage activity still well below YOY even as rates hold.

The median forecast. of new homes are driving orders at builders such as Toll Brothers Inc. and Hovnanian Enterprises Inc. In addition, sales of distressed properties are starting to account for a.

According to Yun, the U.S. needs to spur stronger growth in the housing market by increasing inventory through stepped-up new construction – and only more new homes will ease tight inventories and help slow home price gains. Last year, only about 900,000 homes were started, a 50-year low and half the amount that’s needed, Yun said.

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