Lawrence Yun is chief economist and senior vice president of Research at the NATIONAL ASSOCIATION OF REALTORS®. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1.1 million REALTOR® members. Dr. Yun creates NAR's forecasts and participates in many economic forecasting panels, including Blue Chip and the Harvard University Industrial Economist Council. He appears regularly on financial news outlets and is a frequent speaker at real estate conferences throughout the United States. USA Today recently listed him among the top 10 economic forecasters in the country.
Spring selling got off to a sunny start with the sales pace of existing homes hitting an 18-month high in March and NAR’s forward-looking Pending Home Sales Index showing continued improvement moving into summer. But inventory shortages and price increases continue to pose hurdles.
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