This excerpt from a NAR podcast features an interview with Lawrence Yun, the chief economist for the National Association of Realtors, who provides his outlook on the housing market for 2025. He discusses key factors influencing the market, such as interest rates, inventory levels, and affordability. Yun suggests that mortgage rates will likely stabilize around 6%, with the potential for some downward movement. He also emphasizes the role of life-changing events in driving housing demand, predicting a rise in inventory due to factors like job changes, family growth, and retirement. Yun expresses concerns about affordability but remains optimistic about the market's future, anticipating an increase in home sales driven by a combination of inventory growth and job creation.

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