A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
Zillow (NASDAQ:Z, ZG) has looked into the near future of the U.S. housing market and is forecasting some improvements related to inventory and affordability options for buyers. “Inventory has been far below normal for a while, and though Zillow economists predict more...
Next year could see a new wave of homeowner affordability, according to the 2024 Housing Forecast released by Realtor.com. Realtor.com is forecasting average mortgage rates of 6.8% in 2024, with rates edging down over the year to reach 6.5% by the end of the year....
CBRE (NYSE:CBRE) is forecasting the lodging industry will record a growth in revenue per available room (RevPAR) during 2024 as inbound international travel further improves and sector-specific headwinds moderate. The company’s 3% RevPAR growth forecast for 2024 is...
The global prefabricated building market is predicted to grow from $190.7 billion this year to $266.6 billion by 2031, with a compounded average growth rate of 4.3%, according to a new forecast from Consegic Business Intelligence. “Factors such as government...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
