How 2024’s Housing Market Sets the Stage for 2025

Dec 11, 2024

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As 2024 slides into 2025, those who have been following the housing market know that there is a lot to unpack from the year. Home affordability, when adjusted for inflation, has reached its lowest point in decades. Inventory trends are diverging across the nation. Generational dynamics are influencing how people are buying homes.

But even if the trends that made 2024 so noteworthy are understood, the question is, how will they influence where the housing market is headed in 2025?

In the season finale of Core Conversations, CoreLogic Chief Economist Selma Hepp explores what happened in 2024 and provides a comprehensive outlook for 2025, including insights on mortgage rates, inventory, and affordability.

In This Episode

1:58 – How exactly did interest rates affect the housing market in 2024? Do we expect them to lower in 2025?

6:26 – How affordable in the U.S. housing market, really?

9:24 – Are property taxes and capital gains taxes going to continue to balloon into 2025?

10:46 – Will people continue to stay in their homes or will they finally move and open up supply in 2025?

14:39 – Erika Stanley does the numbers in the housing market in The Sip.

15:32 – Is a refinancing wave on the horizon for 2025?

17:07 – Will there be more creative housing solutions to help with affordability? Do we anticipate buying a house to become more accessible to younger generations?

22:15 – How will the presidential election affect the housing market in 2025?

26:54 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.

27:58 – What can we expect for the property market in 2025?

Up Next: What Will a Second Trump Presidency Mean for U.S. Housing?

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