In the following video, from the NAR YouTube channel, Chief Economist, Lawrence Yun shares economic updates and market trends for REALTORS®, buyers, and sellers.
In the following video, from the NAR YouTube channel, NAR Chief Economist Lawrence Yun discusses the latest home sales numbers, how the coronavirus is affecting the housing market, and the factors that may offset some of the market uncertainties.
NAR Chief Economist Lawrence Yun says the partial shutdown of the federal government is hurting real estate markets, mainly because of the uncertainty it’s causing. In addition, some homebuyers are seeing a delay in their transaction, especially among those using mortgage financing backed by the federal Rural Housing Service.