Found 2 blog entries tagged as NAR.

The housing experts say the market is “normalizing.” But what does that mean for the Palm Beaches? Will home prices in Palm Beach County and rents finally come down? Will more homes go up for sale? And what does the year ahead have in store for the real estate market?

“The nation’s housing market, after a wild surge that sent home prices up over 30 percent in some cities in 2021, will be less intense next year”, according to Lawrence Yun, chief economist of the National Association of Realtors (NAR).

The NAR 2022 housing forecast anticipates the market will continue slowing down from the frenzy seen in the spring when prices shot up to new heights. However, prices will stay high, inventory will remain tight, and mortgage rates will rise. Other…

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Southeast Florida real estate predictions for 2021 are favorable! The National Association of Realtors chief economist, Lawrence Yun, has readied real estate predictions for 2021. Last year the housing market was on fire with record-low mortgage rates and relocations made possible by remote job opportunities.

It is anticipated that home sales will maintain+ the 2020 momentum and will carry into 2021. The record low mortgage rates have been the key factor for home buying despite a challenging pandemic plagued job market.  Jobs will steadily recover especially knowing that the vaccine distribution is just around the corner.

Expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While it is…

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