Pressures Mount, Causing Housing Market Uncertainty, NAR Economist Yun Reports

Originally published on May 4, 2022, by Quintin Simmons for the National Association of Realtors.

NATIONAL HARBOR, MD (May 4, 2022) – Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors® Chief Economist Lawrence Yun explained today, there are significant questions regarding the sector's direction over the coming months.

“Housing kept the economy afloat as home prices rose and buyer demand intensified,” said Yun to 9,000 Realtors® and industry experts in attendance at the 2022 Realtors® Legislative Meetings(link is external) during the event's Residential Economic Issues and Trends Forum. “However, this year has already thrown some curveballs, including record-low inventory and unyielding inflation.”

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