NAR updates its 2020 forecast

Last week the National Association of Realtors updated its 2020 housing forecast. No, there is no “up” in “update” these days. As Forbes reports:

“Realtor.com does forecast a short-term bump in sales for late summer and early fall due to pent up buyer demand, fear of the coronavirus diminishing and low mortgage rates. Another driver for a stronger third quarter is Millennials with families want to settle in new homes before the school year begins. Don’t expect an increase in sales to last into the fourth quarter though.”

Read the article at Forbes.

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