Lawrence Yun, Senior Vice President and Chief Economist, NAR gives an overview on video of the economic environment and its implications for real estate. Lawrence Yun, economist believes that the real estate market is stabilizing especially in certain areas such as homes for sale in California including the California Bay Area. An example of this would be Homes for sale in Fremont Ca have increased by about 50% which has caused active inventory to decreased thus stabilizing prices. Enjoy the video below

National Association of Realtor Market Update

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