Stephanie Taylor2022 President, Northern Wasatch Association of Realtors As home buyers navigate the challenges of high inflation, rising interest rates and expensive prices, some are wondering what’s in store for the housing market for the rest of the year. Lawrence Yun, chief economist of the National Association of Realtors, had some predictions when he spoke to Realtors at a May conference. He believes there will be fewer home sales and slower price growth with the market returning to pre-pandemic conditions rather than the home-buying frenzy of the past two years. Because of higher prices — up 55% from last year when accounting for more expensive interest rates — Yun is forecasting a 9% decline in U.S. home sales. Yun also …
