2023 Real Estate Market Update

How are interest rates, housing inventory, and supplies impacting the current real estate market? NAR Chief Economist Lawrence Yun discusses the most recent existing-home sales data and why he thinks interest rates will drop later in the year. Ohio home builder and remodeler Bill Owens gives us an update on expected wait times for new home builds and how capacity issues are impacting the ability to build a new home and changing home renovation projects. And yes, supply chain issues are still out there. Pennsylvania REALTOR® Greg Herb shares what he’s experiencing on the local level with home buyers and sellers while California REALTOR® Kevin Brown talks about how the REALTOR® Relief Foundation has been helping people impacted by recent natural disasters. Also, are bold colors in the outdoor living space hot or not? What about cottage gardens? Melissa Dittmann Tracey keeps us trendy.