The Realtor.com Housing Forecast Midyear Update predicts a decline in home sales volume for existing homes by 1.5% in 2025, reaching a potential low not seen since 1995. Home prices are anticipated to grow by 2.5%, with new housing construction expected to decrease by 3.7%. The homeownership rate is projected to drop to 65.2%, reflecting trends among younger individuals delaying home purchases. Additionally, rent growth is likely to remain weak, with median asking rents possibly decreasing by 0.1%.
Sales volume for existing homes is expected to decline by 1.5% in 2025, potentially reaching the lowest point since 1995.
Home prices are forecasted to grow by 2.5% in 2025, slightly lower than initial projections.
New housing construction is projected to decrease by 3.7% in 2025, indicating a shortage of available homes.
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