Home prices could climb 2% in 2025 and an additional 2% in 2026, according to the latest forecast from the National Association of Realtors.
The group’s economist, Lawrence Yun, projected the median U.S. home price would continue to increase in 2025, but at a slower pace compared to previous years, reaching a $410,700 median existing-home price. The median home price in November stood at $406,100.
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The upcoming presidential election might keep some would-be homebuyers on the sidelines, according to a real estate economist.
Existing-home sales declined 1% in September as prices continued to climb higher, according to figures released Wednesday by the National Association of Realtors.
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Pending home sales in April fell 7.7%, according to the National Association of Realtors.
All four U.S. regions registered month-over-month and year-over-year declines.
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Existing home sales increased 3.1% in January, but year-over-year sales fell.
Existing home sales were up 3.1% from December to a seasonally adjusted annual rate of 4 million in January. Year-over-year, sales declined 1.7% (down from 4.07 million in January 2023), according to the National Association of Realtors.
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