The panel and audience debrief the role play.
Chair opens the hearing; parties make their opening statements and present their cases; parties begin cross-examination.
NAR Chief Economist Lawrence Yun talks about the rise in home sales, median home prices, regional and local market variations, and pent-up demand.
The spring selling season reaches an 18-month high in March. Other stories: NAR urges the Senate to act on mortgage credit, and Sec. 502 direct loans.