On The Market Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)
11 snips
Dec 23, 2024 Redfin has unveiled its intriguing 2025 housing market predictions, suggesting a 4% rise in home prices due to low inventory. While home prices may climb, mortgage rates are expected to stabilize around 7%. Good news awaits home sales, with a strong uptick anticipated. Renters might see some relief as increased supply could make rents more affordable. The podcast also explores generational shifts in homeownership, particularly how Gen Z may rethink the American dream. Insights on homebuilder optimism and marketplace dynamics round out the discussion.
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Home Price Prediction
- Redfin predicts a 4% home price increase in 2025 due to continuing low inventory.
- Dave Meyer agrees, citing similar predictions from other experts and the current market trends.
Mortgage Rate Prediction
- Redfin predicts mortgage rates will remain near 7% in 2025, influenced by potential tax cuts and tariffs.
- Meyer anticipates rates staying higher than most predictions, in the sixes, due to bond investor behavior and inflation fears.
Home Sales Rebound
- Redfin predicts increased home sales in 2025 due to rising supply and demand.
- Meyer agrees, expecting a small increase as the market starts to recover from the current "housing recession."