Fannie Mae's Economic and Strategic Research Group has revised its forecast for existing single-family home sales in 2025, predicting 4.14 million units compared to last month's estimate of 4.24 million units. This adjustment is attributed in part to anticipated higher mortgage rates, which are expected to reach 6.5% by the end of 2025 and 6.1% in 2026. Additionally, the latest outlook projects a growth in real gross domestic product of 1.4% in 2025 and 2.2% in 2026 on a Q4/Q4 basis. The report emphasizes that these projections are based on current assumptions and are subject to change, reflecting the dynamic nature of economic forecasting. Fannie Mae cautions that the views expressed in the report do not necessarily represent the company's overall business prospects or expected results.
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