Slide 1
Mortgage rates dropped to around 6%, down from the 7.79% peak in 2023.

Slide 2
Housing supply rose 15.7% in 2025, giving buyers 1.55 million homes to choose from.

Slide 3
Home prices are still high but rising slower, with just 2.9% annual growth mid-2025.

Slide 4
Builders face oversupply, offering buyers sweet incentives like upgrades, closing cost help, or discounted rates.

Slide 5
Rent keeps climbing—4.1% higher than last year—making fixed mortgage payments more appealing for stability.

Borrowing costs set to ease, boosting affordability and enticing sidelined buyers back into the market.

Sales expected to strengthen modestly, with fall poised to show the year’s best momentum.

Prices likely to rise gradually, reflecting steady demand and limited supply without sharp swings.

Expanding inventory creates balance, giving buyers leverage and easing competitive pressure through late 2025.

Slide 1
Total home sales in 2025 are forecast at 4.74 million units.

Slide 2

Mortgage rates expected to finish 2025 at 6.5%, dipping to 6.1% by 2026.

Slide 3
Forecast revisions are modest, keeping housing sales stable despite economic uncertainties.

Slide 4
Fannie Mae highlights steady market trends, signaling resilience in home buying activity.

Slide 5
Consumers and investors can plan confidently as sales projections show minimal fluctuations in 2025.

Multifamily housing starts reached 109K units in Q2 2025, with 102,000 built-for-rent, ↑ 21% yearly.
Rental units made up 94% of multifamily starts, far above the long-term avg of 80% and the historical low of 47% during the 2005 condo boom.
Condo construction starts ↑ to 7K units in Q2 2025, showing modest growth compared to last year.
The dominance of rental-focused projects has generally kept apartment sizes smaller than pre-recession levels, but sizes are now trending upward.
In Q2 2025, the avg multifamily unit size rose to 1,077 sq ft, with the median at 1,030 sq ft.