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All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In 2025, housing affordability in the U.S. The elephant in the room is affordability.
Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. Let’s put a framework for 2025 in play. 14, we’ve seen them move lower.
As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years.
The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. NAR expects the Midwest revival to continue in 2025, as Indianapolis and Grand Rapids, Michigan, are among 10 metro areas listed.
Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? But, the market change isnt evenly distributed.
If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?
Its late December so all the 2025 mortgage rate forecasts have been published. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. Unfortunately, all of them are already wrong.
What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.
Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. Sun Belt Boom Realtor.coms top 10 are all located in the South and West, with multiple markets from three statesTexas, Florida, and Virginia. of their income on housinghigher than the national average of 29.2%.
This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? percent)* above the November 2023 estimate of 611,000 The charts below provide insight into the current state of the new home sales market. percent (18.6 percent (19.3 Why is this important?
As 2025 draws near, mortgage rates are once again in the news. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. increase in property values in 2025.
Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. As home prices climb further and further out of reach, first-generation homebuyers trying to break into the market must rely on increases in their earnings to increase their buying potential.
Home prices in 2025 are a couple percentage points above where they were last year at this time. housing market. more homes on the market now than a year ago. By the end of May there were 38% more homes on the market than the year prior. California and Arizona have 45% more homes unsold on the market now than a year ago.
Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. For existing home sales, Zillow forecasts 4.3
News & World Report’s new study, 2025’s Best Places to Retire in the U.S. Cities were ranked on how well they met American retirees’ expectations, with measurements including happiness of residents, affordability, health care, desirability, retiree taxes, and job market. The post Where Are the Best Places to Retire in 2025?
Better mortgage spreads are limiting how high rates can rise in 2025. This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025.
There are three big trends in the spring 2025 housing market: Supply continues to build. There are lots of markets around the country where home prices are already below last year at this time, but the national average has remained positive so far. These are negative macro forces that the housing market hasnt had in 15 years.
Whats the housing market going to do in 2025? UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel Event (free online (register Eventbrite)) 1/16/25 Sac Real Producers event (details TBA) 1/22/25 Windermere El Dorado […] The post Real estate trends to watch in 2025 first appeared on Sacramento Appraisal Blog. Anything to add?
The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2%) from 2024. In most of the U.S., According to the report, U.S.
With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Foreclosure Market Report on Tuesday. Attom released its October 2024 U.S.
The year 2025 will be transformative for real estate. Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs.
Forecasts for the housing market in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. The market is reaching this coiled spring point, he said. We saw it in September, when you do get some improvement in rates, consumers come to the market pretty quickly.
Fluctuating interest rates have been a feature of the housing market over the last three years. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. How will the housing market change as these economic assumptions change? As mortgage rates rose, homebuyer demand slowed and inventory grew.
trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. Among loans backed by industrial properties, 22% will come due in 2025, as will 24% of office property loans and 35% of hotel/motel loans. first appeared on The MortgagePoint.
The National Association of Realtors (NAR) was one of the more bullish forecasters of the 2025 housing market, but the trade group has revised its outlook. million in 2025. These are downward revisions from the forecast they released in late 2024, which predicted existing-home sales in 2025 to hit 4.9
HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. The Finance Leaders award honors executives who are not only advancing financial performance but strengthening liquidity, expanding margins, and enhancing access to capital markets.
In every housing market, every lender , originator, mortgage broker , or loan officer should endeavor to understand their buyer pool. Trends and perceptions change annually and generationally especially when it comes to desires, housing market outlook, and financial thresholds. 67% of this group say they plan to buy in 2025.
Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. The Fix-and-Flip program is great to serve to investors and tap into that market.
With the election behind us, the industry is refocused on building momentum and driving growth in 2025. Next year, real estate brokers and team leaders can adapt, innovate and truly thrive in the new market. With these unique strategies, brokers can achieve sustainable success while staying ahead in a competitive market.
trillion boost to the economy by 2025. When caregivers are pushed out of the labor market, it doesnt just hurt families, it weakens the economy. A 2025 economy that measures and manages by 1989 rules. And when this is the case, women are the likely parent to exit the workforce. could see a $4.3 The result?
Timing is crucial in a difficult real estate market, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. Quicker market pace: Homes typically sell faster during this week due to above-average demand.
There are already plenty of markets nationwide where the inventory of unsold homes has built up over the past few years and home prices have ticked down. Today, the weekly Altos Research -tracked active market data shows signals for this spring that more markets are softening and fewer are pushing higher. this week is $421,000.
The panel dissected the housing market’s current state marked by rising inventory, affordability challenges, elevated mortgage rates , and investor uncertainty and what it all means for the rest of 2025 and beyond. 09:58] Broader market trends : Consumer confidence is becoming a bigger risk factor than rates alone.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. Los Angeles: A case study in market strain On the other U.S.
The number of office-to-apartment (O-to-A) conversions is on the rise, and by 2025, there will be about 71,000 units planned, breaking new records. Only 3,709 of the 55,339 office-to-apartments that were in some stage of development in January of last year were finished by December, meaning that 51,630 units remained unfinished until 2025.
While Skyslope isnt the cheapest real estate transaction software option on the market, its extensive features and focus on audit and compliance make it worth the investment for brokerages that need a reliable system. Youll be sure to find the right transaction management platform that supports your needs.
The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The Homebuyers Privacy Protection Act of 2024, a U.S.
As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. Economic landscape and interest rates The political climate is changing, and I believe this will contribute to a heating-up of the real estate market in the new year.
The duo explore Anywhere’s resurgent focus on the luxury market, increasing M&A opportunities, and the value of embracing change. We invest disproportionately in luxury markets. The fact that we were able to outperform the market substantially throughout 2024 was an awesome thing. They have to make sense, economically.
The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. Again, the theme holds: the labor market is getting softer but not breaking.
The company has been in business since 1957 as we always say, we are a multigenerational company and that is not just a marketing phrase, Hanna said. In 2025 and beyond, Hanna said he hopes these innovations lead to more growth. The biggest lesson this year was really just a reinforcement of something we kind of already knew.
Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. 2025 has been much different. As we can see, the outlook for 2025 appears to be different.
After analyzing the most popular rental markets each month during the past year , theyve released a comprehensive view of the last 12 months and a sense of what lies ahead. After a strong performance in 2024, Minneapolis took the top position as the city to watch in 2025, securing the top spot seven times throughout the past 12 months.
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