In New Orleans, Louisiana, National Association of REALTORS® Chief Economist Lawrence Yun delivered his economic and housing outlook on November 6 during the Residential Economic Issues and Trends For
Yun compared today's economy with the year 2000. Since then, the U.S. population has grown from 281 million to 350 million, and payroll jobs have risen from 132 million to 159 million. Housing wealth has grown from $7 trillion to $35 trillion. Yet existing-home sales are running near 4 million this year, below the 5.2 million homes sold in 2000. "Affordability is tough, but people's incomes are rising, and if somehow mortgage rates go down, think about the potential housing demand that could be released to the marketplace," Yun said.
On supply, Yun noted that inventory has risen as sales have slowed, months' supply is at its highest level since 2015, and the median home took 33 days to go from listing to contract in September. He added that a rebound in consumer confidence would also be key: consumer sentiment has fallen to roughly half its 2000 level and is now worse than during the Great Recession, even as the economy has added jobs.
Jessica Lautz, NAR's deputy chief economist and vice president of research, presented highlights from the newly released 2026 Profile of Home Buyers and Sellers. First-time buyers made up 22% of all buyers, near the historic low, and the median age of first-time buyers held at a record-high 40. Sellers stayed in their homes for a median of 12 years before selling, the longest on record. "The golden handcuffs of low interest rate mortgages is true. People are holding on to those properties for longer periods of time," Lautz said. Use of real estate professionals remained strong: 90% of buyers purchased through an agent, the highest share in four decades, and a record 92% of sellers used an agent.
来源：全美房地产经纪人协会（NAR）新闻稿（行业协会，2026年11月6日） https://www.nar.realtor/newsroom/nars-yun-significant-pent-up-housing-demand-could-be-released-as-supply-affordability-and-confidence
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Source: National Association of Realtors
Published by GSM · USA (original Chinese edition)
Photo: 美国住宅区（资料图）。（Wikimedia Commons）|A U.S. residential neighborhood (file photo). (Wikimedia Commons)
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