06/02/2026
Fannie Mae just released its May Housing Forecast, and the outlook for the next year and a half is officially one of "cautious optimism." Here are the two biggest takeaways you need to know:
1️⃣ Existing Home Sales Are Climbing:Total home sales are projected to grow by 2.1% this year. The biggest driver? Existing home sales are expected to jump 2.6% in 2026 and surge by a whopping 7.2% in 2027! 🚀
2️⃣ New Construction Facing Headwinds: Looking for brand-new builds? Patience is key. Due to ongoing labor shortages, rising material costs, and permitting delays, single-family housing starts are expected to dip by 2.4% this year.
The Bottom Line:Traditional listings are gearing up for steady, quarter-over-quarter growth through 2027. If you've been waiting for more opportunities to buy or sell, the market is opening up!
The government-sponsored enterprise (GSE) has released new projections that could impact homebuyers and investors.