Mortgage Rates' Fast Rise Hurt Housing Market, During REALTORS® Legislative Meetings Economic Forum
- Bridge AOR
- Jun 4
- 1 min read
National Association of Realtors® Chief Economist Lawrence Yun said existing home sales will increase by 6% in 2025 and by 11% in 2026 during the "Residential Economic Issues & Trends Forum" at the NAR 2025 REALTORS® Legislative Meetings.
Yun forecasted that new-home sales will rise by 10% in 2025 and by 5% in 2026, the median home price will climb by 3% in 2025 and by 4% in 2026 and that mortgage rates will average 6.4% in the second half of 2025 and 6.1% in 2026.
Check out the full press release: http://nar.realtor/newsroom/nar-chief-economist-lawrence-yun-says-mortgage-rates-fast-rise-hurt-housing-market-during-realtors-legislative-meetings
The recent discussion on “Mortgage Rates' Fast Rise Hurt Housing Market” during the REALTORS® Legislative Meetings Economic Forum highlights a crucial issue affecting both buyers and the overall economy. As mortgage rates continue to surge, affordability challenges are widening, slowing down home sales and discouraging first-time buyers from entering the market. This shift not only impacts families but also influences related industries and long-term financial planning. In such unpredictable economic conditions, businesses must remain structured, compliant, and future-ready. That’s where platforms like ebizfiling play an important supporting role, especially for entrepreneurs and small businesses trying to stay resilient. Services such as Online OPC Annual Filing Services ensure that business owners can focus on sustaining growth while staying fully compliant with regulatory requirements. Addressing…
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The recent fast rise in mortgage rates has clearly impacted the housing market, making homeownership less accessible and slowing down sales. As highlighted during the REALTORS® Legislative Meetings Economic Forum, buyers are feeling the pinch, and sellers are adjusting expectations, which could create long-term effects on housing affordability. It's a reminder of how sensitive markets are to interest rate fluctuations and the importance of staying informed on economic trends. On a related note, businesses in other sectors are also navigating the ripple effects of changing economic conditions. For instance, at spraytech, we continually monitor market demands to ensure high-quality products, including our premium Caramel Food color, meet customer expectations without compromising on efficiency. Just as homeowners and real estate professionals…