Economic Outlook and Market Forecast

My Summary

  • Existing home Sales in may hit the highest mark since 2009
  • Buyers are back
  • Investors are stepping out
  • There is a housing shortage
  • The principal reason for the inventory shortage-- builders have not been building for the Past 5 years.
  • There is not massive shadow inventory that can disrupt the market
  • The Federal Reserve will be raising rates soon
  • All in all, new and existing home sales will be rising