Economy Experts Present Midyear Forecast

May 18, 2017 Brianna Gilpin

Higher existing-home sales do not necessarily mean high homeownership rate. With homes selling fast, homebuyers are starting to realize they can afford less of what is on the market. Lawrence Yun, chief economist of the National Association of Realtors, Jonathan Spader, senior research associate at the Joint Center for Housing Studies at Harvard University, and Mark Calabria, chief economist and assistant to Vice President Mike Pence weigh in on the 2017 midyear forecast.

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