We’re in a ‘Bizarre’ Housing Market
With a strong economy and the lowest unemployment rate since 2000, more Americans are in the market to buy a home—yet sales are stagnant. Existing-home sales are down about 1 percent year over year, according to the National Association of REALTORS®. “We’re in a bizarre world of a heated housing market where home sales are not rising,” NAR Chief Economist Lawrence Yun writes in his latest column at Forbes.com.
Are Lending Standards Too Loose…or Too Tight?