NAR® Chief Economist: House Prices Should Not Drop

“Unlike the stock market, home prices are not expected to drop because of the ongoing housing shortage and due to homes getting delisted during this time of crisis. For the past couple of months, we have seen the number of buyers grow as more people enter the market. Once the social distancing and quarantine measures are relaxed, we should see this temporary pause evaporate, and will have potential buyers return with the same enthusiasm.” – National Association of Realtors Chief Economist Lawrence Yun

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