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Home buyers and sellers will have more to worry about than housing prices and mortgage rates next year. How the incoming Trump Administration succeeds in implementing its stated economic goals also will have a major impact.
NAR’s Chief Economist Lawrence Yun is somewhat more optimistic than his counterpart at REALTOR.com®. At his group's annual convention in Boston just after the November election, Yun predicted rates will hover near 6 percent for 2025. "That will be the new normal," he told a convention session.
NAR’s Yun is calling for a 10 percent jump in resales this year and another 10 percent increase in 2026.