Recent estimates from Fannie Mae indicate a downward revision in national home-price growth to 3.5% for 2025, influenced by economic factors like tariffs and a trade war. Mortgage rates are also expected to decrease slightly to 6.3% and 6.2% by 2025 and 2026. The economic growth forecast is revised down to 1.7% from 2.2%. Notably, the spring home-selling season has shown positive trends in purchase applications, suggesting a more active market than last year.
The panel's latest estimates for national home-price growth have been lowered, with Fannie Mae projecting 3.5% growth for 2025 amidst an uncertain economic environment.
Despite broader economic challenges, the Spring home-selling season has shown some traction this year compared to last, with purchase application data indicating year-over-year growth.
#home-price-growth #mortgage-rates #economic-forecast #housing-market #national-association-of-realtors
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