Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The 10 largest American IPOs of all time

July 30, 2025

Applying for Social Security: How and when to do it

July 30, 2025

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»NAR lowers existing-home sales forecast for 2025
Real Estate

NAR lowers existing-home sales forecast for 2025

March 24, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Revisions have been made to the existing-home sales forecast for 2025, with a downward trend from the late 2024 prediction. The original forecast anticipated existing-home sales to reach 4.9 million in 2025, with new-home sales increasing by 11%.

NAR has also updated its 2026 projections, lowering the new-home sales forecast growth from 8% to 5% for the coming year. On the other hand, existing-home sales are now expected to grow by 11%, falling within the range of 10% to 15% as previously outlined by the trade group.

Despite the slightly less optimistic outlook, Yun expressed positivity regarding the market’s direction. He stated, “The worst is over [for home sales]. The worst for inventory is over. I think the recession probability is still slim. Job additions, lower mortgage rates, and all the factors driving home sales are moving positively, so look for more business opportunities this year.”

visualization

The issue of strained affordability continues to impede home sales, and NAR’s updated forecast reflects this concern. Initially projecting a 2% growth in home prices for 2025 and 2026, NAR has now revised these figures upwards to 3% and 4%, respectively.

NAR’s revised existing-home sales estimate of 4.3 million aligns more closely with other forecasters’ predictions for 2025. The sales range varied from NAR’s 4.9 million at the top end to Realtor.com’s 4 million at the lower end.

chart visualization

HousingWire’s 2025 forecast, crafted by Lead Analyst Logan Mohtashami and Altos founder Mike Simonsen, predicted 4.2 million in sales and a 3.5% rise in home prices.

How accurate are their forecasts thus far? According to the recent report from NAR, existing-home sales for February were recorded at a seasonally adjusted annual rate of 4.26 million, with the median sale price increasing by 3.8%.

chart visualization

Existinghome Forecast Lowers NAR sales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Costs of Owning a Home

July 30, 2025

Why we should be cheering for the mom-and-pop investors in the housing market

July 29, 2025

Yes, You Can Sell A House As-Is—No Inspection Needed

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

CDC Advisers Vote To Recommend Removal Of Mercury From Influenza Vaccines

June 27, 20250 Views

Brazil watchdog moves to block access to Elon Musk’s X after court order By Reuters

September 13, 20240 Views

Delusional Seattle Democrats Blame Trump While Ignoring Their Role In Homelessness Crisis

July 29, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Investment

The 10 largest American IPOs of all time

July 30, 20250
Retirement

Applying for Social Security: How and when to do it

July 30, 20250
Economic News

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.