Modest Growth in Sales Despite Strong Economy

Modest Growth in Sales Despite Strong Economy  

By all measures, home sales should be breaking out because of the strong economy but growth is minimal because too few homes are for sale, NAR Chief Economist Lawrence Yun said May 17 at the 2018 REALTORS® Legislative Meetings in Washington.  Yun is predicting a 1 to 2 percent uptick in sales this year, to about 5.6 million units. Given favorable demographic trends and how well the economy is doing, that increase is much more restrained than it could be.