Recent mortgage rate forecasts have been optimistic and some economists expect the number of homes sold to reach 5.4M this year, an increase of 14% YoY.
WASHINGTON — Affordability and inventory challenges in the real estate market have been continuous headwinds for professionals, but recent 2025 forecasts have been positive and could signal positive years to come.
Recent mortgage rate forecasts have been optimistic, and economists at Fannie Mae project the volume of home sales will rebound. Forecasts from Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors (NAR) expect the number of homes sold to be 5.4 million this year, a 14% increase year-over-year.
Additionally, following an election, the number of existing home sales rose nine times out of 11. Those real estate professionals that remain in the industry will see less competition, as NAR expects 124,000 Realtors to leave the business by the end of 2025, an 8% drop in the number of active Realtors.
Firms that leverage the latest technology advancements could harness greater efficiency and productivity. Tech-savvy agents can edit videos quicker, create engaging copy faster, and focus on what really matters.
The challenges of the last few years have helped agents be more prepared to answer questions about transactions, come back from disappointments and seek out new opportunities.