The National Association of Realtors released a report on August 27th, reflecting on recession and the future of housing. The NAR's chief economist, Lawrence Yun, acknowledges that home prices are at or approaching record highs in many markets, but says concerns about whether the housing market has peaked and is headed for another significant slowdown are unfounded. And while some of the nation's most overheated real estate markets will see sales slow down in 2018, he considers this due to" insufficient supply and rapidly rising home prices rather than weak buyer demand..."

Source: NAR - Read full article here.