Realtors’ group foresees moderate home sales growth this year

home sales growth

home sales growthBy Cicely Wedgeworth | realtor.com

The good times will keep rolling in 2016, according to the National Association of Realtors®, even if they do it a little more slowly.

NAR’s chief economist, Lawrence Yun, laid out the coming clash between pent-up buyer demand and the pressures of affordability and meager economic growth in a video released on Tuesday. To be clear, he still expects new- and existing-home sales to improve over 2015 (the best year for U.S. housing in nearly a decade), but at a more moderate pace than before.

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