NAR Chief Economist Lawrence Yun shared insights at the recent National Association of Realtors’ national conference.

  1. A housing crash is not on the horizon. Yun says controls around subprime lending, low mortgage rates, and demand from qualified buyers will keep a collapse at bay.
  2. Mortgage rate hikes will be manageable. Mortgage rates have been climbing over the past months with 30-year fixed rate at 3.21%. Most buyers still benefit from this low rate.
  3. First-time buyers may get some needed help. Lawmakers are taking legislative measures to bolster down payments.
  4. An inventory boost is coming.
  5. Don’t worry too much about inflation. Home values are generally a good hedge against inflation. Yun said real estate is still a safe bet.

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