Fannie Mae ESR Group Releases August Economic and Housing Outlook
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Housing Sales Projected to Remain Steady Through 2025
Housing Sales Projected to Remain Steady Through 2025
On Tuesday, the Fannie Mae Economic and Strategic Research (ESR) Group released its August Economic and Housing Outlook.
The Group forecasts total home sales of 4.74 million units in 2025, little changed from last month’s forecast of 4.85 million units. Existing-home sales are forecast at 4.09 million units, compared to 4.06 million in 2024.
The Group expects mortgage rates to end 2025 at 6.5% and 2026 at 6.1%, modest upward revisions from its July forecast.
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