NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%

There’s good news. According to NAR Chief Economist Lawrence Yun, mortgage rates are stabilizing, job additions are continuing, and the worst of the housing inventory shortage is nearing its end. Yun also notes that younger Americans are still having trouble entering the market as home buyers and acquiring wealth. However, as U.S. job gains continue, and more people join the workforce, this will only enable younger people to become first-time home buyers. “Home sales depend mainly on jobs and mortgage rates,” said Yun. He further predicted that home sales will increase by 11% in 2025.
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