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...

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...

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...