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- Fannie Mae outlined its housing market forecasts through 2025, including home sales and price growth.
- Lower borrowing costs will boost activity, but home sales will only marginally rise higher.
- Mortgage rates will average 6.7% next year, close to levels seen this summer.
The housing market will see some upside in the coming years, but persistent challenges will limit a bigger shift, according to Fannie Mae's latest forecast.
Total home sales in 2024 will come in at about 4.8 million, largely flat compared to this year's expected level, followed by a jump to 5.4 million in 2025.