"Next year is really the year that we will see a measurable increase in sales, Yun said during the Residential Economic Issues and Trends Forum at NAR's 2025 NXT conference in Houston on Friday. Home prices nationwide are in no danger of declining. Yun is forecasting that home prices will jump 4% annually in 2026, due to steady demand and persistent low housing inventory."
"The reopening of the government means the release of delayed jobs data, and while inflation still remains above the level the Federal Reserve would like to see, Yun believes that as long as jobs data remains weak, there is a decent chance of the Fed cutting interest rates at its December meeting. I would say they will make a cut in December and probably two more next year, Yun said."
Sales are expected to increase measurably next year. Home prices nationwide are not in danger of declining and are forecast to rise about 4% annually in 2026 due to steady demand and persistently low housing inventory. The government reopening will release delayed jobs data that could show weaker employment readings. Weaker jobs data would increase the likelihood of Federal Reserve interest-rate cuts beginning in December and possibly two additional cuts next year. Those rate reductions are expected to produce a modest decline in mortgage rates, improving affordability somewhat and stimulating additional activity in the housing market.
Read at www.housingwire.com
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