Home prices could rise as much as 5% in coming years but don't expect a bigger jump, NAR chief economist says

• There's pent-up demand in the housing market that will help support home prices once mortgage rates decline again, NAR's chief economist said.
• For now, half the country is experiencing price declines and the other half increases, Lawrence Yun told CNBC.
• "Is it a buyer's market, seller's market? Well, it's time for negotiation. I think people who are good at negotiation will get that right price they desire."

There's pent-up demand building in the housing market that will help support home prices once mortgage rates decline again, National Association of Realtors Chief Economist Lawrence Yun said Monday.