In a recent statement, NAR Chief Economist Lawrence Yun highlighted the current state of the housing market, pointing out a dynamic where inventory levels are on the rise while demand is showing a decrease. This shift in the market dynamics indicates a potential change in the overall landscape of the real estate industry.
Key points:
– NAR Chief Economist Lawrence Yun notes rising inventory and lower demand in the housing market
– The statement suggests a potential shift in the overall real estate market landscape
For more detailed information, you can read the full article “Pending Home Sales Down in May” on Weekly Real Estate News.
You can read this full article at: https://wrenews.com/pending-home-sales-down-in-may/
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