‘It will recover.’

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April 22, 2020

‘It will recover.’

NAR Chief Economist sits with NHAR President Drapeau

Dr. Lawrence Yun, NAR’s Chief Economist and Senior Vice President of Research, stressed healthy economic fundamentals and his expectation for a strong housing market in 2021 in a wide-ranging presentation and interview with NHAR President Marc Drapeau yesterday.

THE VIDEO CAN BE FOUND HERE.

Asked about what he would say to Realtors nervous about the market: “You have to understand the facts,” Dr. Yun said. “The housing market was exceptionally strong. We hit a pause button. It will recover.”

Dr. Yun’s presentation:  Economic & Real Estate Market Outlook

For more information on issues pertaining to the impacts of coronavirus on the real estate industry, we encourage members to visit our dedicated webpage for the latest news and resources.

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