Crash or Climb?

It appears nothing is crashing in 2026 according to Lawrence Yun. The NAR Chief Economist offers a cautiously optimistic forecast, noting that the U.S. economy lacks near-term recessionary signs and expects 4%–5% GDP growth next quarter. While national home values remain stable, sales are currently below pre-COVID levels due to mortgage rate pressures and limited inventory. However, Yun predicts a 14% climb in home sales for 2026, supported by steady job gains and mortgage rates stabilizing near 6%. Despite risks like weak consumer sentiment, he maintains the current market's stringent lending standards serve as a stabilizing force against a major downturn. --- JRL