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The recent climb in rates could stifle buyer demand once again, making for a bumpy start to 2025. When adjusting for cost of living, these 10 areas not only have inexpensive property listings, but they also have reasonably high salaries for those in the prime 2534 age bracket for first-time homebuying.
The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. 2025 Outlook NAR expects the Federal Reserve to maintain a gradual approach to easing monetary policy in 2025.
If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. This could be a huge win-win-win (country, seller, buyer). Meanwhile, the seller saves a huge chunk on this highly appreciated asset. This would be a temporary solution, from Q2 2025 to Q4 2026. Under this plan, that would drop to 7.5%.
If they don’t hit the sales price by bracketing, they will throw out a lower sale and go get a higher one. Mortgage rates expected to remain elevated The forecast projects that mortgage rates will remain little changed in 2025 despite Trumps promise on the campaign trail to cut home loan interest rates to 3% or lower.
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