BiggerPockets Daily The Case For Why the Housing Market is Stronger Than It Seems
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Apr 28, 2025 The housing market is proving to be more resilient than recent headlines suggest. Existing home sales remain steady while inventory is on the rise. Price growth is cooling to healthier levels, indicating a market reset that's beneficial for the future. The discussion also highlights the risks posed by potential economic changes and personal financial circumstances. While there are vulnerabilities, the overall theme is one of resilience, arguing that the market is better positioned than many believe.
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Housing Market Healthier in 2024-2025
- The housing market in 2024-2025 stands on better footing compared to the early 2022 era.
- Inventory is rising, price growth is cooling, and demand remains steady despite higher rates.
Demand Persists Despite High Rates
- Purchase applications show positive year-over-year growth even with mortgage rates above 6%.
- If rates move closer to 6%, home sales are expected to grow further.
Slowing Price Growth Creates Opportunity
- Home price growth is slowing compared to the pandemic boom, which is healthy for affordability.
- Slower price growth now creates buying opportunities and allows equity to be tapped.