In this video, NAR Chief Economist Lawrence Yun talks about the factors that led to the decline in existing-home sales in September: summer sales were stronger than usual, affordability is at a five-year low, income is not rising at the same rate as home prices, and interest rates are going up.
Video: September Existing-Home Sales Decline, Prices Rise
Articles and comments do not necessarily reflect the opinions of NHCIBOR or its members. For detailed information regarding the terms of use of this website, please click here.
Leave a Reply
You must be logged in to post a comment.