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.

Intro

2min

2024 Housing Market Predictions

9min

Evaluating Predictions and the Reality of Home Staging

5min

Evaluating Last Year's Housing Market Predictions

5min

Navigating High-Value Homes and Market Predictions

7min

2025 Housing Market Predictions

7min

Navigating the Detroit Housing Market and Future Trends

4min

It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!

Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!

In This Episode We Cover

Updated 2025 housing market predictions and where home prices and mortgage rates could go

How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)

Real estate markets that have the most investment potential in 2025

Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation

Did we ever actually make it into recession territory in 2024?

And So Much More!

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