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.

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