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NAR's Lawrence Yun Sees Home Sales Rebounding in 2024

According to Lawrence Yun, chief economist at the National Association of Realtors, mortgage rates will fall in time for home sales to climb next year. So reports DSNews.

arrow 306811 640 smallSpeaking at an NAR forum, Yun said that existing home sales will jump 15% in 2024, while rates will be between 6% and 7% in time for the spring homebuying season.

That said, Yun predicted home sales will tumble 18% in 2023, following a 17% dive last year.

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