BiggerPockets Daily Will Mortgage Rates Improve? Spring Housing Market Outlook & Predictions
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Feb 19, 2025 The spring housing market is at a pivotal point with hopes for a rebound after two slow years. Fluctuating mortgage rates are influencing buyer sentiment and market stability. Real estate experts discuss potential shifts as buyers face affordability challenges. There’s a focus on creative investment strategies, including ways to defer capital gains taxes. With declining prices, a buyer's market is emerging, presenting opportunities for savvy investors. Insights on what to watch in the coming weeks are a must for anyone interested in real estate.
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Housing Market Downturn
- Home sales dropped to their lowest level since the mid-1990s due to affordability challenges and high mortgage rates.
- The "lock-in effect" is keeping homeowners with low mortgage rates from selling.
Shifting Buyer Sentiment
- Buyer sentiment is shifting, with more entering the market in some areas.
- Buyers are realizing rates may not return to pre-pandemic lows.
Mortgage Rate Volatility
- Mortgage rates are volatile due to various economic and political factors.
- This volatility makes it difficult to predict market trends and can impact buyer decisions.