WASHINGTON, D.C. – May 20, 2009 – Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country.
“There has never been a better time to buy,” said National Association of Realtors® (NAR) Chief Economist Lawrence Yun, who presented NAR’s economic outlook at the Realtors Midyear Legislative Meetings & Trade Expo. Yun noted a “perfect storm” of favorable conditions.
