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Key Takeaways Interest rates should continue to decrease in 2025. Housing inventory will likely still be low in 2025, and demand could increase. Will Interest Rates Go Down in 2025? Good news: Mortgage rates will likely continue going down in 2025! Will the Housing Market Crash in 2025?
Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025.
According to the Q4 2024 Fannie Mae Home Price Expectations Survey (HPES) , following an average expectation for national home price growth of 5.2% in 2024, a panel of more than 100 housing experts forecasts home price growth to decelerate to 3.8% in 2025 and 3.6% for 2025, and 3.3% for 2024, 3.1%
homevalues had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. last month).
According to Zillows estimate, a prediction of gradually falling mortgage rates in 2025 portends modest growth in both sales and home price appreciation. The second half of this years home saleswas boosted by a September decline in interest rates; Zillow projects 4.06 By 2025, that figure ought to increase somewhat to 4.16
Builders improved outlook is likely due to the beginning of the Fed’s easing cycle and expectations of lower interest rates in 2025.” The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-homeinventory limited. homevalue is $359,892, up 2.7%
While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and homevalue increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned homevalue growth has leveled out at 2.6%
The continuous housing shortage has also had an impact on this choice, since it has prompted many current homeowners to remain in their homes and take use of their equity. Instead of dealing with the difficulties of purchasing in a competitive market, many homeowners are choosing to invest in their existing homes.
elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} A rise in inventory The total number of homes on the market has risen throughout the year, ticking up 4% from May 2024 to June 2024 to stand nearly 23% above last year’s low level. Homevalues held steady in New Orleans and Denver.
May 2024 Market Report Highlights Homevalues climbed month over month in all 50 of the nation’s largest metro areas in May. Homevalues are up from year-ago levels in 46 of the 50 largest metro areas. Homevalues are down from year-ago levels in three major metro areas. Inventory levels are 33.8%
elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} The latest Fannie Mae Home Price Expectations Survey (HPES) , produced in partnership with Pulsenomics, examining third quarter 2024 data, has found that following home price growth of 6.0% in 2023, an annual national home price growth of 4.7%
in 2025, indicating four more 25 bps cuts. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.
2025 Loan Limits Increase by $40,000 The FHFA announced yesterday that in 2025, the conforming loan limits will rise by $40,000 to $806,500 compared to $766,550 in 2024 for single-family/one-unit properties. This is the base number, as higher-priced homes and regions will have higher limits based on average home prices in the area.
With fewer homes being listed likely due to the busy time of year buyer demand is still driving home sales up. Although pending sales have slowed, the decrease in inventory means theres less competition for sellers. Lets turn your homeownership dreams into reality in 2025! Great news for homebuyers !
With more homes being listed and pending sales on the rise, buyers are staying engaged and making quick decisions. While home sales are down, the increase in inventory and demand means there are still great opportunities for both buyers and sellers. Lets turn your homeownership dreams into reality in 2025!
Lets turn your homeownership dreams into reality in 2025! In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024. Despite market challenges, constrained inventory and high demand continue to drive prices up. Instant Home Evaluation See immediately how this market is impacting your homevalue.
In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024. Despite market challenges, constrained inventory and high demand continue to drive prices up. This change helps buyers access higher loan amounts to keep pace with rising homevalues. Great news for homebuyers !
Lets turn your homeownership dreams into reality in 2025! In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024. Despite market challenges, constrained inventory and high demand continue to drive prices up. Instant Home Evaluation See immediately how this market is impacting your homevalue.
Lets turn your homeownership dreams into reality in 2025! In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024. Despite market challenges, constrained inventory and high demand continue to drive prices up. Instant Home Evaluation See immediately how this market is impacting your homevalue.
January 2025 Massachusetts Housing Report MASSACHUSETTS Home Sales Up, Average Price Up Home sales are up 12% year-over-year, with January 2025 at 4,209 compared to 3,757 last January. Prices increased for single and multi-family homes but decreased for condos. Thinking about selling in 2025?
January 2025 Maine Housing Report MAINE Home Sales Up, Average Price Up Home sales are up 15.1% Single families: 753 (2024) | 852 (2025) Condominiums: 89 (2024) | 129 (2025) Multi-families: 72 (2024) | 71 (2025) Average sale price increased 4.2% Planning to sell in 2025?
The Texas housing market has been a focal point of attention for potential buyers and sellers alike, especially as we approach 2025. The shifting dynamics within this local real estate landscape raise critical questions about home prices, inventory levels, and overall market trends. Should You Sell Your Home in Texas Now?
January 2025 Connecticut Housing Report CONNECTICUT Home Sales Up, Average Price Up Home sales are up 6.7% year over year, with January 2025 at 1,679 compared to 1,598 last January. 2025: 2,623 2024: 2,385 2023: 2,487 Pending Home Sales: The number of homes placed under contract is up by 11.4%
The Connecticut housing market in December showed impressive growth compared to 2023, with increases in home sales, average sale prices, and pending transactions. However, new listings were down, resulting in lower inventory and increased competition among buyers. As 2025 begins, the housing market still faces low inventory.
As stated last month in my Predictions for 2025 , 2024 will go down in history as the bottom of this down cycle. In 2024, the South Florida single-family housing market saw rising prices, inventory remained tight, and sales declined slightly. 2024 Real Estate Performance Highlights The number of homes sold decreased by 7.6%
As 2025 begins, the housing market still faces low inventory. After record-low inventory in 2023 and hesitant sellers in 2024, inventory is slightly higher this year, but competition remains fierce. Buyers must be ready to make strong offers when the right home comes up.
The New Hampshire housing market in December demonstrated significant strength compared to 2023, with home sales, average sale prices, and pending transactions all on the rise. Despite this, new listings have declined, leading to reduced inventory and heightened competition among buyers. Learn more in Anthony’s 2025 predictions.
As we enter 2025, the housing market still faces low inventory. After a historically low inventory in 2023 and hesitant sellers in 2024, competition remains tough this year. Learn more in Anthony’s 2025 predictions. Instant Home Evaluation See immediately how this market is impacting your homevalue.
As 2025 begins, the housing market still faces low inventory. After record-low inventory in 2023 and hesitant sellers in 2024, inventory is slightly higher this year, but competition remains fierce. Buyers must be ready to make strong offers when the right home comes up.
With 2025 underway, the housing market continues to struggle with low inventory. Following record-low inventory in 2023 and cautious sellers in 2024, competition is still fierce this year. Buyers need to act fast when the right home comes along. Learn more in Anthony’s 2025 predictions.
Listings have slightly improved in volume so far this year by 1.9%, which contributes to the rise in inventory in CT. As of June 2024, inventory is finally reaching levels higher than last year (yellow line in the graph to the right) after starting the year with the lowest levels since 2017. and multis are up by 17.4%.
The latest Zillow Home Price Expectations Survey1 polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks. “Americans have seen homevalues rise at record rates over the past few years.
Buffalo, New York , known for its tumultuous winter weather and beloved namesake chicken wing, will be the hottest major housing market in 2025, according to a new report from Zillow. “ Construction that keeps pace with an area’s growth remains a crucial piece of keeping homes available and accessible. 36 last year.
Emerging from the pandemic, the chronic lack of inventory disrupted the principles of supply and demand, causing housing prices to soar. With elevated mortgage rates , we anticipate continued growth in listing inventory, a slowdown in housing price appreciation and ongoing innovations to assist professionals and consumers.
While 2024 was certainly a challenging year for the real estate industry, 2025 may be a doozy if the Counselors of Real Estate’s (CRE) 2025 Top Ten Issues Affecting Real Estate report is to be believed. Inventory is diminished because there are fewer people selling than there used to be. DellaPelle posited.
The strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. unemployment or inflation caused by monetary or fiscal policy. Consumer financial conditions in the U.S.
of the total value of properties in Los Angeles County. So far in 2025, about 100 homes have been listed for sale within the Eaton and Palisades fire boundaries. of active for-sale home listings so far this year. The Los Angeles County median homevalue currently stands at approximately $870,500.
Rising home prices and mortgage rates are keeping the lock-in effect alive during the early days of the 2025 housing market. Despite increased levels of for-sale inventory, a significant share of homeowners are content to stay put in their homes for the long haul.
As the 2025 spring homebuying season approaches and the tone is set for what the rest of the year could look like the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large. homevalue. Census Bureau data.
Let your clients know how the market will impact competition, homevalues, and the overall buying strategy. Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). How will these factors affect a potential offer?
Despite the difficult conditions, there are some signs of resilient demand and pockets of activity may emerge as rising inventory in some areas could ease price pressures and offer more options for buyers and sellers. homevalue is currently $356,585, up 2.6% According to Zillow , the average U.S. over the past year.
This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. As 2025 dawns, the housing market and mortgage industry brace for a year of change. Policies that work to increase the supply of for-sale housing in 2025 would have the most impact on the housing market.
Newz: Waivers Increasing, The New URAR: Markets vs. Neighborhoods, Climate Change and HomeValues February 7, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Should I consider this an actual claim? I have not seen discussions on the future of homevalues in risky areas. percent from one week earlier.
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