BiggerPockets Real Estate Podcast
Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)
Dec 13, 2024
Redfin's bold forecast for the 2025 housing market is here! Expect a 4% rise in home prices, but don't count on lower mortgage rates just yet. We delve into projected home sales and the possibility of affordable rents for everyday Americans. There's speculation on how political trends might boost homebuilding and why Gen Z might be shifting away from homebuying. Plus, insights on how increased apartment supply could alter rent dynamics. This discussion is packed with essential info for investors, agents, and future homeowners!
34:30
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Quick takeaways
- Home prices are predicted to rise by approximately 4% in 2025 due to sustained demand and insufficient inventory.
- Mortgage rates are expected to hover around 7% in 2025, making homebuying increasingly challenging for many prospective buyers.
Deep dives
Home Price Predictions for 2025
Home prices are expected to rise by approximately 4% in 2025, according to industry predictions. This increase is attributed to sustained higher demand without adequate new inventory to offset it, suggesting that many potential buyers may choose to rent instead. Recent trends indicate that home prices have been steadily climbing despite rising interest rates, maintaining a trajectory that appears consistent with inflation-adjusted appreciation. Overall, while there are differing viewpoints on the exact numbers, the consensus leans towards stable price growth in the upcoming year.
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