Home sales are anticipated to reach 4.85 million units in 2025 and 5.35 million units in 2026, indicating a positive shift. The ESR Group adjusted its GDP growth outlook for 2025 to 1.3% and for 2026 to 2.3%. The Consumer Price Index is expected to rise 3% in 2025 and 2.7% in 2026, both slightly lower than previous estimates. Core CPI, which excludes volatile items, is projected to increase 3.2% in 2025. Mortgage origination volumes are forecasted at $1.92 trillion in 2025 and $2.34 trillion in 2026, reflecting upward changes as well.
Home sales are forecast at 4.85 million units in 2025 and 5.35 million units in 2026, representing upward revisions from June.
The ESR Group revised its real GDP growth outlook for 2025 and 2026 to 1.3% and 2.3%, down from estimates of 1.4% and 2.2%.
The Consumer Price Index (CPI) is expected to rise 3% year over year in 2025 and 2.7% in 2026, both showing slight reductions from June's forecasts.
Mortgage origination volume is projected to rise to $1.92 trillion in 2025 and $2.34 trillion in 2026, up from previously estimated figures of $1.9 trillion and $2.28 trillion.
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