What the NAR Sales Forecast Could Mean for the Los Angeles Housing Market

At the NAR NXT conference, Chief Economist Lawrence Yun predicted a 9% increase in existing home sales for 2025 and 13% in 2026, alongside an 11% rise in new home sales in 2025 and 8% in 2026. Key drivers include stabilized mortgage rates around 6% and improved inventory levels. ### Implications for LA Buyers and Sellers - **Buyers**: A 6% mortgage rate could make homeownership more accessible, especially with increased inventory projected. - **Sellers**: Higher sales volume signals growing demand, which could result in competitive offers, particularly for well-priced homes. **Our Take on These Projections** While Yun’s optimism is encouraging, LA’s unique market dynamics and unpredictable rate changes make real-time data more reliable than long-term forecasts. The last projections for 2024 were overly optimistic due to unforeseen rate hikes. Flexibility and a localized strategy will remain crucial in navigating the Los Angeles real estate market. Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information 310-620-1038 / [email protected] facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fwhat-the-nar-sales-forecast-could-mean-for-the-los-angeles-housing-market%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fwhat-the-nar-sales-forecast-could-mean-for-the-los-angeles-housing-market%2F&text=What+the+NAR+Sales+Forecast+Could+Mean+for+the+Los+Angeles+Housing+Market) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fwhat-the-nar-sales-forecast-could-mean-for-the-los-angeles-housing-market%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fwhat-the-nar-sales-forecast-could-mean-for-the-los-angeles-housing-market%2F&title=What+the+NAR+Sales+Forecast+Could+Mean+for+the+Los+Angeles+Housing+Market&summary=At+the+NAR+NXT+conference%2C+Chief+Economist+Lawrence+Yun+predicted+a+9%25+increase+in+existing+home+sales+for+2025+and+13%25+in+2026%2C+alongside+an+11%25+rise+in+new+home+sales+in+2025+and+8%25+in+2026.+Key+drivers+include+stabilized+mortgage+rates+around+6%25+and+improved+inventory+levels.+Implications+for+LA+Buyers+and+Sellers+%5B%E2%80%A6%5D)