US Real Estate Forecast Archives

USA

What Recession? US Real Estate Industry Bizarrely Forecasts Price & Rent Boom

December 8, 2022

The US real estate industry laughs at your negative outlook—they think things are about to boom. Realtor.com released its 2023 forecast this week, and noted the negative factors building. Their forecast includes higher financing costs, reduced leverage, fewer exist-home sales, and a lot more inventory. However, their forecast bizarrely concludes it will result in higher […]

US Pending Home Sales Down 13% From Last Year, Industry Forecasts Slower Sales

June 27, 2022

American agreements to buy existing-home sales improved better-than-expected, but still trended lower. The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) made a small improvement in May. However, pending home sales, a leading indicator of future home sales, is way below last year. NAR expects this trend to continue, forecasting existing-home sales will […]