Fannie Mae's Economic and Strategic Research $(ESR.AU)$ Group has revised its forecast for the U.S. housing market, projecting that total single-family home sales will reach 4.92 million units by the end of 2025. Of these, existing home sales are expected to account for 4.24 million units. The updated forecast reflects lower expectations for mortgage rates, which the ESR Group now anticipates will conclude 2025 and 2026 at 6.1% and 5.8%, respectively. Additionally, the latest outlook predicts a real GDP growth of 0.7% in 2025 and 2.0% in 2026 on a Q4/Q4 basis. It is important to note that the ESR Group's analyses and projections are based on various assumptions and are subject to change, which could significantly influence the outcomes.
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