Video: July Pending Home Sales Slip

Video: July Pending Home Sales Slip

Aug 28, 2013
3:57
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In this video, NAR Chief Economist Lawrence Yun explains how rising mortgage rates cause an immediate increase in home buying, but prolonged rate increases cause a drop in buying. He also talks about demand for new homes and gives a forecast for what the housing market will look like in 2014.

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From the advocacy efforts to technology advances and updates on commercial industry trends, the topics in this series all relate to what’s happening in commercial real estate now and what trends are on the horizon.
Each week, NAR Leadership and industry experts share tips and updates on the real estate industry during this unprecedented time.
The hunt is about so much more than the house. Home buying hiccups lead to tough decisions. Guided by the expertise of a REALTOR®, First-Time Buyer puts the real in real estate.
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