Nothing like 15 Years Ago


In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew comparisons between the last housing cycle and the current housing cycle:


And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. “This may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity,” says David Stevens, former Assistant Secretary of Housing.
Location: Newberg, OR 97132, USA

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