Fannie Mae’s Economic and Strategic Research Group (ESR Group) announced in a report on Dec. 20 that home sales across the United States are expected to rise to 7.1 percent at the end of 2021, but will decline over the next two years as limited stock, combined with higher mortgage rates and inflation, will cool the housing market.
The ESR Group upgraded its home sales growth projection for 2021 to 7.1 percent, citing an expected strong year-end surge in home buying—higher than the 5.3 percent projected previously.
