December 13, 2023
The residential real estate market continues to be strained by high prices, low inventory and mortgage interest rates above 7%. Meanwhile, the commercial real estate market has been upended by high office vacancy rates in city centers thanks to the increase in hybrid and remote workers. Where is the real estate market headed in 2024 and what does it signal for the broader economy? The National Association of Realtors® Chief Economist Lawrence Yun joins us for a look at the state of the residential and commercial markets, and what it means for buyers, sellers, renters, investors and the insurance industry.