The “double-whammy” of severely inadequate inventory conditions and home prices far outpacing incomes caused contract signings to slide last month.

I sat down with NAR Chief Economist Lawrence Yun to discuss the reasoning behind the pending sales slowdown, what to expect going forward and if GDP will accelerate as the temperature heats up. Watch the video below:

Source: Newsline

Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.

This Article Appears Courtesy of Steven Diadoo

Steven Diadoo, Licensed Realtor in MN with BRIDGE REALTY and best-selling author of 'Road to Success' with Jack Canfield (Chicken Soup for the Soul), Board Member at Bowling for Brains Non-Profit 501(c)3 (Event to benefit the American Brain Tumor Association), licensed Realtor with Bridge Realty, Seen on DIY TV, Create Channel and PBS. For help buying and/or selling a house, please call (952) 270-6141 or Click here.