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<!doctype html><html lang="en"><head><title data-rh="true">Takeaways From the National Association of Realtors Annual Meeting | by Jeff Ostrowski | Minds Without Borders | Nov, 2024 | Medium</title><meta data-rh="true" charset="utf-8"/><meta data-rh="true" name="viewport" content="width=device-width,minimum-scale=1,initial-scale=1,maximum-scale=1"/><meta data-rh="true" name="theme-color" content="#000000"/><meta data-rh="true" name="twitter:app:name:iphone" content="Medium"/><meta data-rh="true" name="twitter:app:id:iphone" content="828256236"/><meta data-rh="true" property="al:ios:app_name" content="Medium"/><meta data-rh="true" property="al:ios:app_store_id" content="828256236"/><meta data-rh="true" property="al:android:package" content="com.medium.reader"/><meta data-rh="true" property="fb:app_id" content="542599432471018"/><meta data-rh="true" property="og:site_name" content="Medium"/><meta data-rh="true" property="og:type" content="article"/><meta data-rh="true" property="article:published_time" content="2024-11-20T03:15:10.735Z"/><meta data-rh="true" name="title" content="Takeaways From the National Association of Realtors Annual Meeting | by Jeff Ostrowski | Minds Without Borders | Nov, 2024 | Medium"/><meta data-rh="true" property="og:title" content="Takeaways from the National Association of Realtors annual meeting"/><meta data-rh="true" property="al:android:url" content="medium://p/4c75cb75b0bf"/><meta data-rh="true" property="al:ios:url" content="medium://p/4c75cb75b0bf"/><meta data-rh="true" property="al:android:app_name" content="Medium"/><meta data-rh="true" name="description" content="I just spent a couple days at the National Association of Realtors’ annual conference in Boston. 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class="fu fv fw fx fy l"><div class="ab cb"><div class="ci bh fz ga gb gc"></div></div><article class="meteredContent"><div class="l"><div class="l"><span class="l"></span><section><div><div class="fs gi gj gk gl gm"></div><div><div class="speechify-ignore l"><div class="gn go gp gq gr l"></div><div class="ab cb"><div class="ci bh fz ga gb gc"><div class="cl ab gs"><div class="gv ab"><div class="bm" aria-hidden="false"><button class="l ay ao am" aria-label="Member-only story"><div class="h k j i d"><div><div class="bm" aria-hidden="false"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="none" viewBox="0 0 64 64"><path fill="#FFC017" d="m39.637 40.831-5.771 15.871a1.99 1.99 0 0 1-3.732 0l-5.771-15.87a2.02 2.02 0 0 0-1.194-1.195L7.298 33.866a1.99 1.99 0 0 1 0-3.732l15.87-5.771a2.02 2.02 0 0 0 1.195-1.194l5.771-15.871a1.99 1.99 0 0 1 3.732 0l5.771 15.87a2.02 2.02 0 0 0 1.194 1.195l15.871 5.771a1.99 1.99 0 0 1 0 3.732l-15.87 5.771a2.02 2.02 0 0 0-1.195 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of Realtors Annual Meeting</h1></div><div><h2 id="a655" class="pw-subtitle-paragraph if hm hd bf b ig ih ii ij ik il im in io ip iq ir is it iu cq du">Some surprising stats</h2><div><div class="speechify-ignore ab cp"><div class="speechify-ignore bh l"><div class="iv iw ix iy iz ab"><div><div class="ab ja"><div><div class="bm" aria-hidden="false"><a rel="noopener follow" href="/@jmostrowski?source=post_page---byline--4c75cb75b0bf--------------------------------"><div class="l jb jc by jd je"><div class="l fj"><img alt="Jeff Ostrowski" class="l fd by dd de cx" src="https://miro.medium.com/v2/resize:fill:88:88/1*4pROIKlXmr56S2cy3a8iEQ.jpeg" width="44" height="44" loading="lazy" data-testid="authorPhoto"/><div class="jf by l dd de fs n jg ft"></div></div></div></a></div></div><div class="jh ab fj"><div><div class="bm" aria-hidden="false"><a href="https://medium.com/minds-without-borders?source=post_page---byline--4c75cb75b0bf--------------------------------" rel="noopener follow"><div class="l ji jj by jd jk"><div class="l fj"><img alt="Minds Without Borders" class="l fd by br jl cx" src="https://miro.medium.com/v2/resize:fill:48:48/1*Zv1qz3NPtFrdNxFR5HbtVg.png" width="24" height="24" loading="lazy" data-testid="publicationPhoto"/><div class="jf by l br jl fs n jg ft"></div></div></div></a></div></div></div></div></div><div class="bn bh l"><div class="ab"><div style="flex:1"><span class="bf b bg z bk"><div class="jm ab q"><div class="ab q jn"><div class="ab q"><div><div class="bm" aria-hidden="false"><p class="bf b jo jp bk"><a class="af ag ah ai aj ak al am an ao ap aq ar jq" data-testid="authorName" rel="noopener follow" href="/@jmostrowski?source=post_page---byline--4c75cb75b0bf--------------------------------">Jeff Ostrowski</a></p></div></div></div><span class="jr js" aria-hidden="true"><span class="bf b bg z du">·</span></span><p class="bf b jo jp du"><span><a class="jt ju ah ai aj ak al am an ao ap aq ar ex jv jw" rel="noopener follow" 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1400w" sizes="(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px" type="image/webp"/><source data-testid="og" srcSet="https://miro.medium.com/v2/resize:fit:640/1*k26CE1G5qyxLvUkeCTCthw.jpeg 640w, https://miro.medium.com/v2/resize:fit:720/1*k26CE1G5qyxLvUkeCTCthw.jpeg 720w, https://miro.medium.com/v2/resize:fit:750/1*k26CE1G5qyxLvUkeCTCthw.jpeg 750w, https://miro.medium.com/v2/resize:fit:786/1*k26CE1G5qyxLvUkeCTCthw.jpeg 786w, https://miro.medium.com/v2/resize:fit:828/1*k26CE1G5qyxLvUkeCTCthw.jpeg 828w, https://miro.medium.com/v2/resize:fit:1100/1*k26CE1G5qyxLvUkeCTCthw.jpeg 1100w, https://miro.medium.com/v2/resize:fit:1400/1*k26CE1G5qyxLvUkeCTCthw.jpeg 1400w" sizes="(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px"/><img alt="" class="bh nd oj c" width="700" height="549" loading="lazy" role="presentation"/></picture></div></div><figcaption class="ok ff ol nw nx om on bf b bg z du">The author at the National Association of Realtors conference in Boston. Photo by Jeff Ostrowski.</figcaption></figure><p id="8b8e" class="pw-post-body-paragraph oo op hd oq b ig or os ot ij ou ov ow ox oy oz pa pb pc pd pe pf pg ph pi pj gw bk">I just spent a couple days at the National Association of Realtors’ annual conference in Boston. Some of the stats and quotes that caught my attention:</p><p id="de72" class="pw-post-body-paragraph oo op hd oq b ig or os ot ij ou ov ow ox oy oz pa pb pc pd pe pf pg ph pi pj gw bk"><strong class="oq hn">Home sales volumes remain depressed. </strong>“2024 has been a very difficult year on many fronts,” Lawrence Yun, NAR’s chief economist, told the masses. “We did not get the home sales recovery this year after an awful 2023.” Yun anticipates a 10 percent boost in home sales by 2025-26, perhaps out of sheer necessity — the U.S. population continues to grow, and there are 72 million more Americans now than there were in 1995. (If you’re scoring at home, U.S. Census Bureau stats say there were 265 million people in the nation in 1995 and 337 million now.)</p><p id="70aa" class="pw-post-body-paragraph oo op hd oq b ig or os ot ij ou ov ow ox oy oz pa pb pc pd pe pf pg ph pi pj gw bk"><strong class="oq hn">The gap between the housing haves and have-nots is growing</strong>. Total U.S. household real estate equity stands at $35 trillion, translating to more than $400,000 per homeowner in housing wealth. “Homeowners’ wealth steadily rises while renters’ wealth does not,” Yun said. “If you don’t enter the housing market, you are in the renter class where wealth is not being accumulated. If you want to participate in the housing market, the sooner you get in, the sooner you accumulate wealth.”</p></div></div></div></div></section></div></div></article></div><div class="l"></div><footer class="pk pl pm pn gv ab q po jk c"><div class="l ae"><div class="ab cb"><div class="ci bh fz ga gb gc"><div class="ab cp pp"><div class="ab q lu"><div class="pq l"><span class="l pr ps pt e d"><div class="ab q lu lv"><div class="pw-multi-vote-icon fj gt lw lx ly"><span><a class="af ag ah ai aj ak al am an ao ap aq ar as at" data-testid="footerClapButton" rel="noopener follow" href="/m/signin?actionUrl=https%3A%2F%2Fmedium.com%2F_%2Fvote%2Fminds-without-borders%2F4c75cb75b0bf&operation=register&redirect=https%3A%2F%2Fmedium.com%2Fminds-without-borders%2Ftakeaways-from-the-national-association-of-realtors-annual-meeting-4c75cb75b0bf&user=Jeff+Ostrowski&userId=9c44c797095b&source=---footer_actions--4c75cb75b0bf---------------------clap_footer-----------"><div><div class="bm" 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bg z du ab kd"><span class="jr l" aria-hidden="true"><span class="bf b bg z du">·</span></span><a class="af ag ah ai aj ak al am an ao ap aq ar jq" rel="noopener follow" href="/minds-without-borders/coal-cruelty-the-industrial-revolution-pit-ponies-a1e07f1449ad?source=post_page---post_publication_info--4c75cb75b0bf--------------------------------">Last published <!-- -->1 day ago</a></div></div><div class="rs l"><p class="bf b bg z bk"><span class="gw">A thoughtful look at how culture, society, politics, media and economics affect us all.</span></p></div></div></div><div class="h k"><div class="ab"></div></div></div></div><div class="ab qf qg qh jz jy"><div class="qi qj qk ql qm qn qo qp qq qr ab cp"><div class="h k"><a tabindex="0" rel="noopener follow" href="/@jmostrowski?source=post_page---post_author_info--4c75cb75b0bf--------------------------------"><div class="l fj"><img alt="Jeff Ostrowski" class="l fd by jc jb cx" 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Some of the stats and quotes that caught my attention:","hasDropCap":null,"dropCapImage":null,"markups":[],"codeBlockMetadata":null,"iframe":null,"mixtapeMetadata":null},"Paragraph:f30a8be6e465_5":{"__typename":"Paragraph","id":"f30a8be6e465_5","name":"de72","type":"P","href":null,"layout":null,"metadata":null,"text":"Home sales volumes remain depressed. “2024 has been a very difficult year on many fronts,” Lawrence Yun, NAR’s chief economist, told the masses. “We did not get the home sales recovery this year after an awful 2023.” Yun anticipates a 10 percent boost in home sales by 2025-26, perhaps out of sheer necessity — the U.S. population continues to grow, and there are 72 million more Americans now than there were in 1995. (If you’re scoring at home, U.S. Census Bureau stats say there were 265 million people in the nation in 1995 and 337 million now.)","hasDropCap":null,"dropCapImage":null,"markups":[{"__typename":"Markup","type":"STRONG","start":0,"end":37,"href":null,"anchorType":null,"userId":null,"linkMetadata":null}],"codeBlockMetadata":null,"iframe":null,"mixtapeMetadata":null},"Paragraph:f30a8be6e465_6":{"__typename":"Paragraph","id":"f30a8be6e465_6","name":"70aa","type":"P","href":null,"layout":null,"metadata":null,"text":"The gap between the housing haves and have-nots is growing. Total U.S. household real estate equity stands at $35 trillion, translating to more than $400,000 per homeowner in housing wealth. “Homeowners’ wealth steadily rises while renters’ wealth does not,” Yun said. “If you don’t enter the housing market, you are in the renter class where wealth is not being accumulated. If you want to participate in the housing market, the sooner you get in, the sooner you accumulate wealth.”","hasDropCap":null,"dropCapImage":null,"markups":[{"__typename":"Markup","type":"STRONG","start":0,"end":58,"href":null,"anchorType":null,"userId":null,"linkMetadata":null}],"codeBlockMetadata":null,"iframe":null,"mixtapeMetadata":null},"CollectionViewerEdge:collectionId:4586398ba0ca-viewerId:lo_98e71f1c2c48":{"__typename":"CollectionViewerEdge","id":"collectionId:4586398ba0ca-viewerId:lo_98e71f1c2c48","isEditor":false,"isMuting":false},"PostViewerEdge:postId:4c75cb75b0bf-viewerId:lo_98e71f1c2c48":{"__typename":"PostViewerEdge","shouldIndexPostForExternalSearch":true,"id":"postId:4c75cb75b0bf-viewerId:lo_98e71f1c2c48"},"Tag:real-estate":{"__typename":"Tag","id":"real-estate","displayTitle":"Real Estate","normalizedTagSlug":"real-estate"},"Tag:home-sales":{"__typename":"Tag","id":"home-sales","displayTitle":"Home Sales","normalizedTagSlug":"home-sales"},"Tag:economy":{"__typename":"Tag","id":"economy","displayTitle":"Economy","normalizedTagSlug":"economy"},"Tag:housing-market":{"__typename":"Tag","id":"housing-market","displayTitle":"Housing Market","normalizedTagSlug":"housing-market"},"Tag:mortgage-rates":{"__typename":"Tag","id":"mortgage-rates","displayTitle":"Mortgage Rates","normalizedTagSlug":"mortgage-rates"},"Post:4c75cb75b0bf":{"__typename":"Post","id":"4c75cb75b0bf","collection":{"__ref":"Collection:4586398ba0ca"},"content({\"postMeteringOptions\":{}})":{"__typename":"PostContent","isLockedPreviewOnly":true,"bodyModel":{"__typename":"RichText","sections":[{"__typename":"Section","name":null,"startIndex":0,"textLayout":null,"imageLayout":null,"backgroundImage":null,"videoLayout":null,"backgroundVideo":null}],"paragraphs":[{"__ref":"Paragraph:f30a8be6e465_0"},{"__ref":"Paragraph:f30a8be6e465_1"},{"__ref":"Paragraph:f30a8be6e465_2"},{"__ref":"Paragraph:f30a8be6e465_3"},{"__ref":"Paragraph:f30a8be6e465_4"},{"__ref":"Paragraph:f30a8be6e465_5"},{"__ref":"Paragraph:f30a8be6e465_6"}]},"validatedShareKey":"","shareKeyCreator":null},"creator":{"__ref":"User:9c44c797095b"},"inResponseToEntityType":null,"isLocked":true,"isMarkedPaywallOnly":false,"lockedSource":"LOCKED_POST_SOURCE_UGC","mediumUrl":"https:\u002F\u002Fmedium.com\u002Fminds-without-borders\u002Ftakeaways-from-the-national-association-of-realtors-annual-meeting-4c75cb75b0bf","primaryTopic":null,"topics":[{"__typename":"Topic","slug":"economy"}],"isPublished":true,"latestPublishedVersion":"f30a8be6e465","visibility":"LOCKED","postResponses":{"__typename":"PostResponses","count":1},"clapCount":58,"allowResponses":true,"isLimitedState":false,"title":"Takeaways from the National Association of Realtors annual meeting","isSeries":false,"sequence":null,"uniqueSlug":"takeaways-from-the-national-association-of-realtors-annual-meeting-4c75cb75b0bf","socialTitle":"","socialDek":"","canonicalUrl":"","metaDescription":"","latestPublishedAt":1732072510735,"readingTime":3.1245283018867926,"previewContent":{"__typename":"PreviewContent","subtitle":"Among the attention-grabbers: The housing wealth gap is widening. 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