November/December 2014 Market Pulse

Find out how the housing market looks at the close of this year.

November 2, 2014

Inventory remains tight, especially at the middle and lower price points. That trend reflects fewer distressed sales and steady appreciation, hurting affordability. First-time buyers are lagging and, in a shift, investors are starting to retreat from the market.


 

Lawrence Yun
Chief Economist and Senior Vice President of Research at the National Association of REALTORS®

Lawrence Yun is chief economist and senior vice president of Research at the  National Association of REALTORS®. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1.1 million REALTOR® members. Dr. Yun creates NAR's forecasts and participates in many economic forecasting panels, including Blue Chip and the Harvard University Industrial Economist Council. He appears regularly on financial news outlets and is a frequent speaker at real estate conferences throughout the United States. USA Today recently listed him among the top 10 economic forecasters in the country.