Health of the Real Estate Economy

You may have seen recent articles warning of “ominous signs for the U.S. housing market.”  One article states that, “recent housing starts data were extremely weak for the month of June, raising alarm about housing.”  Another headline announces that the, “Housing Market Looks Headed for Its Worst Slowdown in Years.”

NAR’s Chief Economist, Lawrence Yun, says that despite the headlines, “Home price growth remains swift and listings are still going under contract at a robust pace in most of the country, which indicates that even with rising inventory in many markets, demand still significantly outpaces what’s available for sale.”  Yun also posted a video (click here) with more insight on what the leading economic indicators tell us about the health of the real estate economy.