In this video, NAR Chief Economist Lawrence Yun talks about the job creation, interest rates, inventory, consumer confidence, increase in median home price, household net worth, and stock market wealth gains, and gives his forecast for the next 6-12 months.
WASHINGTON (August 28, 2014) — Pending home sales rebounded in July and have now risen in four of the last five months, according to the National Association of Realtors®. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.
NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas were provided by REIS, Inc., a source of commercial real estate performance information.
The Commercial Real Estate Outlook includes statistics on 54 of the nation's largest markets.
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