NAR Real Estate Forecast

It’s that time of year again and the National Association of Realtors is weighing in on their forecast for the real estate market in the coming months.

Although the Pending Home Sales Index fell by 0.7 percent in November 2018 and contract signings were down 7.7 percent compared to 2017, analysts see this as a short=term pullback as mortgage rates fell to 4.55 percent.

More inventory should be coming to the market soon and the overall strength of the economy should provide long-term growth potential in real estate.

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