WASHINGTON– Existing single-family home sales are forecast at 4.14 million units for 2025, down slightly from last month’s forecast of 4.24 million units, according to the June 2025 Economic and Housing Outlook from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. 

According to Fannie Mae, revisions to the home sales forecast were driven in part by the ESR Group’s higher expectations for mortgage rates, which are now predicted to end 2025 and 2026 at 6.5% and 6.1%, respectively. 

The latest outlook also projects real gross domestic product growing at 1.4% in 2025 and 2.2% in 2026 on a Q4/Q4 basis.