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Could Home Prices Turn Negative This Year? (2/17/25 Market Update)
Feb 19, 2025
Explore the fascinating dynamics of the U.S. housing market, where home prices might turn negative this year. Discover how inventory levels and regional differences shape the market, with potential price drops in the Sunbelt contrasted by expected appreciation in Northern cities. Get insights from a data-driven approach that identifies trends ahead of major headlines. Real estate enthusiasts won't want to miss the analysis of supply and demand that's crucial for understanding the future of homeownership.
14:26
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Quick takeaways
- Home price appreciation has significantly slowed to around 2%, indicating potential for negative price trends amid high mortgage rates.
- Despite increased inventory levels of unsold homes, buyer demand remains weak, leading to longer contracting times and price adjustments from sellers.
Deep dives
Current Home Price Trends
Home price appreciation in the U.S. is currently at a low rate of around 2% compared to last year, a significant decline from the 4-5% increase seen at the end of 2024. The current situation raises concerns about potential negative price trends as mortgage rates remain elevated, keeping buyer demand subdued. Although newly pending home sales remain on par with last year, the overall activity indicates that home buyers are largely hesitant to enter the market. The data suggests that, while prices are not falling dramatically, they are remaining flat and may continue to do so if the economic conditions do not improve.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode