NAR economist Yun looks at the housing market 10 years after the Great Recession

In the ten years since the so-called Great Recession, home values have risen to record highs in many markets and foreclosures have fallen to historic lows. NAR Chief Economist, Lawrence Yun, said “Today, even as mortgage rates begin to increase and home sales decline in some markets, the most significant challenges facing the housing market stem from insufficient inventory and accompanying unsustainable home price increases.” He forecasts that existing home sales and home prices will rise in 2019.

About Jeff Stone

I'm a Licensed RE Salesperson with Douglas Elliman - Port Washington/Manhasset. My designations are Certified International Property Specialist (CIPS), Resort & Second Property Specialist (RSPS), Seller Representative Specialist (SRS), Certified Buyer Representative (CBR), Seniors Real Estate Specialist (SRES), Seller's Representative Specialist (SRS) & Realtor Short Sale Professional (RSSP). I'm the Recipient of the 2104 National, Seniors Real Estate Specialist (SRES) Outstanding Service Award. I am a former Executive Chef in the New York Hotel & Restaurant Industry. I was also a Caterer/ Business Owner, supplying foods to the Entertainment, Hotel, Restaurant & for Special Events. I love the Outdoors (kayaking and hiking), Fishing, Cooking, Art, Networking & most of all, Volunteering within my community of Port Washington, NY. Jeffreystone.realtor

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