Rates will rise and inventory remain stretched, say economic experts

By June 16, 2017 Inman No Comments
Rates will rise and inventory remain stretched, say economic experts

DENVER — Lawrence Yun, the chief economist at the National Association of Realtors (NAR), has been attending the National Association of Real Estate Editors’ (NAREE’s) annual conference to talk about economic trends for seven years. “The first year I came, we had a problem: not enough buyers,” he said this year. “This year we have a problem: not enough sellers.”

Yun and three other economists — Ralph McLaughlin at Trulia, Frank Nothaft at CoreLogic and Nela Richardson at Redfin — discussed their respective mid-year economic forecasts today NAREE. The consensus: A recession isn’t all that li...

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