Despite Headwinds, Brighter Days Are Ahead for Homebuyers and Sellers

Despite Headwinds, Brighter Days Are Ahead for Homebuyers and Sellers

After two of the slowest years in real estate in three decades, many are asking: When will the market pick back up? According to NAR Chief Economist Lawrence Yun, the answer may be: soon.

Speaking at the 2025 REALTORS® Legislative Meetings, Yun projected a 6% increase in existing home sales in 2025 and an 11% bump in 2026. New construction is also expected to stay strong, thanks to builder incentives. The key driver? Interest rates, which are expected to begin dropping this fall.

While rates have sidelined many buyers, demand hasn’t disappeared—it’s just been waiting. A recent Fed survey shows that over 70% of renters still want to own a home, and with inflation nearing the Fed’s 2% target, the stage is set for potential rate cuts and renewed activity.

In the meantime, homeownership continues to be one of the most powerful paths to building wealth. The median net worth of homeowners is now 43x greater than that of renters. And despite affordability concerns, the U.S. has added jobs, wages are up, and serious mortgage delinquencies remain low.

If you’ve been on the fence—whether buying, selling, or just planning ahead—now is the time to prepare. I’m here to help you make sense of the market and position yourself to take advantage when the momentum returns.

Let’s talk about your goals. This fall could be a turning point.