Find out how the Iran war, fuel shortages and other international uncertainties will impact the spring real estate market.
After years of real estate market downturns and spring surprises (the bad kind), you may be scratching your head in anticipation of a strong spring market this year, especially since interest rates are finally coming down. You’re not alone, as the National Association of Realtors predicted a double-digit improvement in the pace of home sales this year.
But it now appears that global upheavals are threatening to put a damper on this year’s trading.
As 2026 approaches, NAR’s Lawrence Yun expected home sales to increase by 14% that year. But he has now revised his estimates downward.
“that [estimate] “It’s still under consideration, but it will likely be revised downward simply because mortgage interest rates have exceeded my expectations due to the oil price shock,” Yun said. Probably five minutes before the war started, mortgage interest rates were 6 percent. ”
Read: Iran war, high interest rates dampen home sales
Don’t miss the interactive timeline graph in this story. It shows how world events have affected interest rate movements throughout the year.
Although we cannot control major changes in international markets and economic conditions, we can control how we respond to local market realities. Learn how to make the most of every conversation and capitalize on every opportunity with Spring Market Strategy from Inman contributors.
How to stockpile pre-listing products in an unpredictable market
When life changes require you to sell or move, your best bet is to have real conversations and really listen, writes Chris Dreyer.
The market is collapsing. Here’s how to compete anyway
The fundamentals of why buyers and sellers need skilled, knowledgeable, and honest real estate agents haven’t changed, writes coach Darryl Davis.
Turn on “How is the market?” Connect to leads without being weird
Stop giving market lectures and establish yourself as a market expert with this simple strategy for lead generation and follow-up from Josh Ries.
Email Christy Murdock
