Were We Wrong About the Housing Market? (+ 2025 Predictions)

12 snips

Dec 27, 2024

Dive into the predictions for the housing market in 2025! The discussion uncovers past forecast blunders and applauds successful calls. Discover where home prices, interest rates, and the best investment markets are headed. Reflect on Zillow's performance while examining buyer trends favoring renovated homes. Amid inflation concerns, there's an unexpected optimism about lower mortgage rates. This lively debate also touches on the complexities of luxury listings and the potential growth in cities like Dallas-Fort Worth and Tampa!

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INSIGHT

Complementary Podcasts

'On the Market' podcast complements the 'BiggerPockets Real Estate Podcast'.
It focuses on real estate news, economics, and market analysis.

INSIGHT

Zillow's Inaccurate Prediction

Zillow's 2024 prediction of leveling home-buying costs was inaccurate.
Costs actually increased due to rising mortgage rates and home prices.

ANECDOTE

Bay Area Rental Example

Kathy Fettke's sister rents a $2 million home in the Bay Area for $5,000.
The equivalent mortgage would be unaffordable, around $15,000, demonstrating a large rent-to-own disparity.

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