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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.
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.
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.
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.
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.
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.
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?
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.
That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. Those scenarios are possible, and its going to be fascinating to see how the bond markets react to new administration policies.
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.
If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. The key takeaway?
The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. If potential sellers avoid the market, this will keep a lid on supply growth.
Inventory of unsold homes on the market ticked down fractionally this week. As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. Lets take a look at the data for the final week of January 2025. About 33.1% Thats up from 33% last week.
Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% Margins fell back as the increase in home values failed to keep up with larger price spikes recent sellers had been paying when they originally bought their homes. ATTOM has released its Year-End 2024 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.
According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% By the end of the year, that percentage is predicted to drop to 75%, according to the 2025 Realtor.com Housing Forecast. 1.2% +54.9%
Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. The forecast also incorporates two other less likely scenarios with differing macroeconomic and housing market assumptions.
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.
During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025. To kick off the live conversation, Velt asks a question about the current challenges facing the housing market in 2025. Jeff, I’ll start with you.
The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales.
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. “We were drawn to Indigo’s vision that the market is shifting from a search-centric to transaction-centric model. The funding will continue Indigo’s efforts to streamline the negotiations experience.
The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. Its a stunning number given how bad the market was in the years after the financial crisis in 2008. In the current climate, homebuilders have advantages over existing-home sellers. But new-home sales are a relative bright spot.
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.
A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever Real Estate. It also discourages drop-ins, small talk and other unnecessary time-wasting behavior.
According to a new IPX 1031 survey, an estimated67% of Americans are worried about the real estate market in 2025. housing market, such as the need to carefully negotiate high borrowing rates and agent commissions. In 2025, over half (47%) will not be able to afford to purchase a home.
If so, here’s how to return back to our roots and navigate an ever changing market. The key is to offer valuewhether through listing alerts, personalized market reports, or consistent follow-ups. To do so, develop strategies and programs that cater to buyers and sellers at every stage. Isn’t that promising?
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. million members in 2025, at 8% smaller decline than many had expected.
Inventory fell There are 635,000 single-family homes unsold on the market now. fewer homes on the market that a week ago. In those times, we just had far more buyers than sellers. Thats not true now, so we should expect inventory to begin building for the year in February 2025. I havent showed this view in a while.
Buyers, sellers and practitioners in the housing market pay close attention to the headlines that emerge from various changes in market activity, and sometimes those headlines can lead to fear. That fear trickles through to homebuyers and sellers, often leading them to stay on the sidelines. Bush Presidential Center.
The spring housing market is still trying to spring. There are plenty of weak signals in the housing market, of course. There are plenty of weak signals in the housing market, of course. The unsold inventory of homes on the market across the country is 28% greater than last year at this time.
The luxury real estate market is on a growth trend early in 2025. Buyers and sellers alike continue to rely on the expertise of Sothebys International Realty agents to successfully navigate an ever-changing market and achieve their real estate goals, White said. sales volume increased 9.4% year over year. In the U.S.,
Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. By comparison, first-time buyers comprised 40% of the market before 2008.
This suggests that completed foreclosure auctions may also slightly increase in Q1 of 2025, according to new Auction.com data. Election results should create a better market going forward, wrote one survey respondent. Even while sellers kept their prices the same for the quarter, that bid-ask spread shrank.
Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007.
Over the last two months with economic uncertainty, the bond market has responded and the yield for the 10-year treasury has declined by 60 basis points from 4.8% Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. There are 193,000 on the market.
Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.
As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. reflect a growing divide.
The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. There are still far fewer sellers each week than in the pre-pandemic era.
in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. over the previous year, making 2019 February the most active month for sellers since 2021. Sellers also listed their homes at higher rates than the previous year, with the number of newly listed homes rising 4.2%
All the dominant trends in the housing market this year seem like they would indicate home prices declining. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. Overall, the days spent on market is 24% higher now than a year ago.
Believe it or not, good old-fashioned postcards are still one of the most effective real estate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a real estate agent well before they hit ENTER on their first Google search. Marketing tip Visuals are everything.
Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housing market could start out strong. However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant. Sturtevant said in a statement. . in the Northeast, 4.9%
Homes are lingering on the market: The typical home that sold in January was on the market for 56 days. Im seeing a lot more inventory hit the market than I have in past years, but its not nearly enough, said Charles Wheeler, a Redfin Premier Real Estate Agent in San Diego. But most people cant stay put forever.
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