On The Market
2025 Housing Market Predictions (+ How’d We Do Last Time?)
Nov 14, 2024
Dive into 2025 housing market predictions, where home prices and mortgage rates might go. The hosts hilariously dissect their 2024 forecasts, revealing where they tripped up and where they nailed it. They analyze Zillow's past predictions, discuss the rise of virtual staging, and explore the investment potential in emerging markets. Discover the cities set for real estate growth and the unexpected bullish outlook on lower mortgage rates despite inflation. A must-listen for future investors!
40:47
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Quick takeaways
- The podcast emphasizes the unpredictability of the housing market, contrasting last year's incorrect predictions with anticipated trends for 2025.
- Panelists forecast a moderate rise in home prices for 2025, while also identifying key regions like Dallas-Fort Worth and Tampa-St. Petersburg with strong investment potential.
Deep dives
Evaluation of Last Year's Predictions
The hosts reflect on their predictions made last year regarding the housing market and Zillow's forecasts for 2024. They discuss how affordability worsened due to rising mortgage rates, contradicting Zillow's prediction that home buying costs would level off. Additionally, while Zillow correctly predicted an increase in home inventory, their other forecasts, such as the rise of starter home rentals, were deemed incorrect. The discussion emphasizes that many predictions relied on logical reasoning, which did not always align with the unpredictable nature of the market.
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