Level Up: Economic Forecast

Want to know what you can do to be more prepared for the 2024 real estate market? Tune in to December’s episode of Level Up: Real Stories from REALTORS® and hear what NAR’s Chief Economist Lawrence Yun is predicting for the residential and commercial markets in the coming year. Dr. Yun speaks one-on

New Housing Units at the State Level: A Look at Data From the Last Decade

The number of housing units in the U.S. rose by 11.3 million (or 8.5%) between 2012 and 2022. This corresponds to the growing demand for housing. However, there is still a gap to fill. According to recent metrics, housing inventory (active listings) is still limited, and major metropolitan areas are

NAR Forecasts 4.71 Million Existing-Home Sales, Improved Outlook for Home Buyers in 2024

Key Highlights NAR predicts 4.71 million existing-home sales in 2024, up 13.5% from 4.1 million anticipated in 2023. Annual median home prices are expected to remain largely unchanged at the national level in 2024, for the second straight year, modestly improving affordability from rising income. Au