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BiggerPockets Daily
Housing Rebound? What December's Data Says About the Year
Jan 10, 2025
The podcast delves into the recent shifts in the real estate market, noting declines in home prices across nearly 60 major cities. While some areas face challenges, others remain resilient or even appreciate. With rising inventory and longer days on market, the need for targeted investment analysis is emphasized. The discussion also highlights the Federal Reserve's interest rate changes and their impact on market dynamics. Insights into potential opportunities and predictions for a possible mid-year recovery make for an engaging listen!
17:50
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Quick takeaways
- Many real estate markets are experiencing price declines due to seasonal factors, indicating unique opportunities for investors amid a cooling market.
- Anticipated changes in the housing inventory and buyer confidence suggest a possible market resurgence by spring 2024, leading to a potential recovery.
Deep dives
Current Housing Market Trends
A significant portion of the U.S. housing market is experiencing price declines, with 59 out of 204 major markets showing decreases year-over-year from December 2023 to December 2024. Seasonal factors contribute to these declines, as demand typically lowers during winter months due to holidays. For instance, markets like Salt Lake City and Raleigh have seen median price drops of 2.5% and 12% respectively, yet these shifts are framed within the larger picture of a slow inventory recovery towards the year's end. It's important to interpret these drops as part of a typical seasonal cycle rather than a collapse of the market.
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