NAR’s March 2025 Real Estate Forecast Summit: Residential and Commercial Update
According to the National Association of REALTORS®, the housing market could be in for some movement over the next couple of years. Existing-home sales are forecasted to increase by 6% in 2025 and 11% in 2026, and home prices may continue to rise at a moderate pace. Mortgage rates, currently around 6.4%, are projected to edge down if anticipated interest rate cuts take effect. At the same time, steady job growth and overall economic conditions will play a role in how the market develops.
While these trends point to possible improvements, the market still faces a few hurdles. Inventory remains limited in many areas, and affordability is an ongoing issue for buyers. High homeowner equity could provide some cushion for consumer spending, but overall, housing activity will largely depend on how economic factors like inflation, rates, and employment unfold throughout the year.
Watch the full March Economic Update with NAR Chief Economist Lawrence Yun and explore the accompanying slide deck for a closer look at housing trends, inflation, job growth, and market forecasts.