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:
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.