Real Estate Rookie
HousingWire’s 2025 Housing Market Predictions: Rates, Prices, and More
Dec 30, 2024
Mike Simonsen, an analyst from Altos Research and HousingWire, dives into predictions for the 2025 housing market. He discusses the potential for mortgage rates to dip below six percent and the rise in housing inventory. Mike examines the impact of economic uncertainties, migration trends, and job transitions on home sales. With optimistic projections, he highlights a key metric to watch for gauging market direction. If you're a buyer or seller, this insights-packed conversation is a goldmine for understanding upcoming changes!
36:37
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Quick takeaways
- Mortgage rates in 2025 are expected to fluctuate between 6% and 7%, influenced by economic conditions and buyer demand.
- The housing inventory is anticipated to rise due to decreased demand, leading to a potential stabilization in home sales and pricing.
Deep dives
Predictions for Mortgage Rates in 2025
Predictions about mortgage rates for 2025 suggest they may fluctuate within the range of 6% to 7%. Analysts expect a slightly slowing economy might reduce rates, allowing for brief dips below 6%, but confidence in consistent lower rates is lacking. The interplay between interest rates and the economic landscape remains crucial, as sustained high rates could hinder housing demand. Observations indicate that despite expectations at the beginning of 2024 for rates to decline, they remained stubbornly high, impacting home sales and overall market dynamics.
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