In terms of anticipated rate cuts by the Federal Reserve, Yun expects the Fed to cut rates later today (Dec. 10) and will initiate two further rate cuts in 2026.
Existing-home sales are projected to rise 1.7% in 2026 to 4.13 million, a small but notable gain after a nearly flat 2025 and one of the slowest sales periods in nearly 30 years.
The $607-million Amazon project is believed to be among the largest private industrial development investments and the largest in terms of scope in the history of Orange County.
By executing the Strategic Plan, NAR will modernize the association, deliver greater member value, respond to an evolving industry landscape, and provide transparent metrics to hold the association accountable.
“Over the past two years, it has been an extraordinary privilege to serve this remarkable association and its dedicated members. Together, we have made significant strides to strengthen HGAR’s foundation and prepare it for the future…”
The competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3-billion investment.
In terms of existing home sales, NAR now expects a 3% increase in 2025 as compared to 2025, while it anticipates a 14% jump in existing sales in 2026 as compared to this year.
Mayor Patterson-Howard’s vision for Mount Vernon and beyond aligns closely with HGAR’s mission—to advocate for strong, vibrant communities where opportunity and homeownership are within reach for all.
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