US market 'sluggish' but upturn expected
NAR expects es should experience ‘a gradual upturn’ later in the year, the National Association of Realtors has forecast..
‘Overall housing levels are historically strong, but sales remain sluggish compared to the recent boom’, NAR senior economist Lawrence Yun explained. ‘Home sales will probably fluctuate in a narrow range in the short run, but gradually trend upward with improving activity by the end of the year. It’s important to keep in mind that all real estate is local, and many markets are expected to have higher sales and strengthening prices during the second half of this year’.