Video: October Pending Home Sales Down Again, but Expected to Level Out

Video: October Pending Home Sales Down Again, but Expected to Level Out

Nov 25, 2013
4:52
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In this video, NAR Chief Economist Lawrence Yun says that although Pending Home Sales numbers are down from last month, they are still healthy, which means that the housing market is still in recovery.

He also talks about the influence of the Federal Reserve on the housing market, how the rise in rents relates to interest rates and homeownership, and the possibility that the low rate of mortgage loan defaults could cause the banking and finance sector to offer more loans, opening potential for increased home purchases.

Each week, NAR Leadership and industry experts share tips and updates on the real estate industry during this unprecedented time.
Window to the Law is a monthly video series focusing on a legal topic of interest. Not just for legal professionals, Window to the Law covers topics applicable to legal compliance for real estate professionals, brokerages, and REALTOR® associations.
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