Fannie Mae has revised its 2025 housing market forecast, predicting fewer home sales and slower price growth due to persistently high mortgage rates. The expected 30-year mortgage rate is now around 6.5% by the end of 2025. Home sales are projected at 4.89 million, down from 5.00 million, with home price growth slowing to 3.5% in 2025. The Sun Belt is expected to see more sales, while the Northeast and Midwest may experience stable prices. Buyers and sellers should adjust their strategies in response to these market changes.
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