Home Sales Outlook: Affordability, Mortgage Rates, and Fed Impact
Home sales face affordability pressures. Fannie Mae projects a 7.3% rise in 2026, but mortgage rates and Fed decisions remain key. Price growth slowdown and construction are expected.
House prices hit record high, says Halifax
Guy Gittins, CEO of Foxtons, says that while homebuyers were disappointed about the lack of a stamp duty relief extension in last week’s Budget, “the vast majority have already factored this increased cost into their plans for 2025 and those currently looking to purchase still have time to complete before the deadline at the end of March next year”.