© National Association of REALTORS®
The last two years have been tough for many people who work in home sales or who were in the market to buy or sell, but the worst may be over, Lawrence Yun, chief economist of the National Association of REALTORS®, told a crowd of real estate professionals during NAR NXT, The REALTOR®
Yun released a rosier forecast for the housing market for 2025 and 2026, with an outlook for higher home sales and moderating mortgage rates.
Also speaking at Friday’s Residential Economic Issues and Trends Forum, NAR’s Deputy Chief Economist Jessica Lautz shared new NAR data that looked at who’s buying homes today. The data shows growth in all-cash buyers, multigenerational purchases and single buyers.
On the selling side, homeowners are feeling richer from the rapidly rising prices of the past few years. Now, more listings are coming up for sale, and the economy is seeing improvement. All those factors could get more Americans moving in the year ahead, he said. Further, this week marked the conclusion of a contentious presidential election.
“We’ve seen after presidential elections—and it doesn’t matter who wins—that there’s usually a slight boost in home sales,” Yun said. “It removes some uncertainty. Now you know it’s the policy [of President Trump], and you can make predictions about what will happen and make a decision based on…
