Home Sales Forecast Upgraded in May Outlook
Fannie Mae (FNMA) has released its May 2025 Economic and Housing Outlook, revealing an upgraded forecast for total single-family home sales. The ESR Group projects 4.92 million units in total sales for 2025, with 4.24 million being existing home sales. This revision is partly due to lower expected mortgage rates, forecasted to reach 6.1% by end-2025 and 5.8% by end-2026. The outlook also predicts real GDP growth of 0.7% in 2025 and 2.0% in 2026 on a Q4/Q4 basis.
Fannie Mae (FNMA) ha pubblicato le sue previsioni economiche e del mercato immobiliare per maggio 2025, aggiornando le stime sulle vendite totali di case unifamiliari. Il gruppo ESR prevede 4,92 milioni di unità vendute nel 2025, di cui 4,24 milioni saranno vendite di case esistenti. Questa revisione è in parte dovuta a tassi ipotecari più bassi previsti, che dovrebbero raggiungere il 6,1% entro la fine del 2025 e il 5,8% entro la fine del 2026. Le previsioni indicano inoltre una crescita reale del PIL dello 0,7% nel 2025 e del 2,0% nel 2026 su base Q4/Q4.
Fannie Mae (FNMA) ha publicado su Perspectiva Económica y de Vivienda para mayo de 2025, revelando una previsión mejorada para las ventas totales de viviendas unifamiliares. El grupo ESR proyecta 4,92 millones de unidades en ventas totales para 2025, de las cuales 4,24 millones serán ventas de viviendas existentes. Esta revisión se debe en parte a tasas hipotecarias más bajas, que se prevé alcancen el 6,1% a finales de 2025 y el 5,8% a finales de 2026. La perspectiva también pronostica un crecimiento real del PIB del 0,7% en 2025 y del 2,0% en 2026 en base al cuarto trimestre contra cuarto trimestre.
패니 메이(Fannie Mae, FNMA)가 2025년 5월 경제 및 주택 전망을 발표하며 단독 주택 총 판매량에 대한 상향 조정된 예측을 내놓았습니다. ESR 그룹은 2025년 총 판매량을 492만 유닛으로 예상하며, 이 중 424만 유닛은 기존 주택 판매가 될 것으로 전망합니다. 이 수정은 부분적으로 모기지 금리가 낮아질 것으로 예상되기 때문이며, 2025년 말까지 6.1%, 2026년 말까지 5.8%에 이를 것으로 전망됩니다. 전망은 또한 2025년 실질 GDP가 분기별 대비 분기별(Q4/Q4)로 0.7%, 2026년에는 2.0% 성장할 것으로 예측합니다.
Fannie Mae (FNMA) a publié ses perspectives économiques et immobilières de mai 2025, dévoilant une prévision révisée à la hausse pour les ventes totales de maisons individuelles. Le groupe ESR prévoit 4,92 millions d’unités vendues au total en 2025, dont 4,24 millions de ventes de logements existants. Cette révision s’explique en partie par des taux hypothécaires plus bas, estimés à 6,1% fin 2025 et 5,8% fin 2026. Les prévisions anticipent également une croissance réelle du PIB de 0,7% en 2025 et de 2,0% en 2026 sur une base T4/T4.
Fannie Mae (FNMA) hat seinen Wirtschafts- und Wohnungsmarkt-Ausblick für Mai 2025 veröffentlicht und dabei eine verbesserte Prognose für den Gesamtverkauf von Einfamilienhäusern bekanntgegeben. Die ESR-Gruppe prognostiziert für 2025 insgesamt 4,92 Millionen Einheiten, davon 4,24 Millionen Bestandsimmobilienverkäufe. Diese Revision ist teilweise auf niedrigere erwartete Hypothekenzinsen zurückzuführen, die bis Ende 2025 voraussichtlich 6,1% und bis Ende 2026 5,8% erreichen werden. Der Ausblick prognostiziert außerdem ein reales BIP-Wachstum von 0,7% im Jahr 2025 und 2,0% im Jahr 2026 auf Quartal-zu-Quartal-Basis (Q4/Q4).
- Upgraded forecast for total single-family home sales to 4.92 million units in 2025
- Lower projected mortgage rates: 6.1% by end-2025 and 5.8% by end-2026
- Positive GDP growth forecasted: 0.7% in 2025 and 2.0% in 2026
- None.
Visit the Economic and Strategic Research site at fanniemae.com to read the full May 2025 Economic and Housing Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. To receive email updates with other housing market research from Fannie Mae's Economic and Strategic Research Group, please click here.
Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
About the ESR Group
Fannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets.
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