07/17/2025
In Real Estate News...
Although NAR (National Association of Realtors) economist downgrades 2025 sales forecast, a 3% rise in home sales is still predicted this year. Rebound expected in 2026.
Key points:
*During NAR’s Forecast Summit, Yun predicted a 3% rise in home sales for 2025 — down from a March forecast of 6% — and a 14% jump in 2026 if the 30-year fixed-rate mortgage trends lower.
*Yun used NAR’s new Market Statistics Dashboard to show that mortgage rates around the 6% level could spur more than half a million additional home sales.
*Economists also discussed the record-low share of first-time buyers, and said migration patterns indicate the South remains a top destination due to jobs and affordability.*
Lawrence Yun said this week that home sales could still tick up slightly this year, and if mortgage rates hit 6%, next year could see double-digit growth.
