NAR chief economist compares 2018 with 2008

In the decade since the Great Recession, stronger lending and regulatory reforms have prevented another housing bubble says NAR Chief Economist Lawrence Yun.

The housing market has recovered and foreclosure rates are much lower, Yun says in NAR’s online story, “Yun: How We’re Doing 10 Years After the Great Recession.”

Among other observations, Yun says the lumber tariff raises costs, limits job creation and creates an obstacle for home building.

Read a related NAR article.

2018-08-29T15:40:59+00:00 August 29th, 2018|News, Housing Market|0 Comments

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