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home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. Seller are turning to concessions more frequently as buyers grow more cautious. Thats up from 39.3%
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. That growth is in jeopardy if we stay at the high end of the mortgage rate range into the first quarter 2025. 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. Reduced rivalry between sellers: This week would have 13.2% more than the average week of the year.
Home prices in 2025 are a couple percentage points above where they were last year at this time. New listings To get a lot of homes on the market though we need some sellers. In total, it was another week with fewer home sellers that last year. Its hard to grow inventory too much when there arent many sellers.
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. Sellers are up, but sales are down. There were 12% more sellers this week than the same week in early January 2024.
And 2025 is poised to continue the trend of rising inventory across the country. Well probably finish 2025 with 15% more homes available than we have now. How will that impact home prices in 2025? Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housing market.
There are three big trends in the spring 2025 housing market: Supply continues to build. Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. Thats right about what well end 2025 with also.
As we look into 2025, the question everyone is asking is: Do we have a new era starting? Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. more sellers than the same week a year ago.
A new report from Anytime Estimate , a subsidiary of Clever , reveals that while the vast majority of American homesellers still plan to work with real estate agents in 2025, concerns about trust, commission fees , and agent value are reshaping expectations of those entering the housing 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. HW: Lets dive into some demographic shifts.
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. One of the conclusions of our forecast is that we’ll see inventory growth in 2025 again, with about 17% more homes on the market by the end of next year.
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. New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior.
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.
In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. There were nearly 7% more sellers last week than the week prior.
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? Is It a Buyers Market?
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. Sellers who dont get an offer may choose to cut their price. I am hoping for 5-10% seller growth each week.
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. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence. The key takeaway?
Lets take a look at the data for the third week of January 2025. In 2025, the price appreciation curve is flatter still. Home sellers and listing agents know where demand is for homes. Heres one bright spot 2025 is the third year of flattish home-price changes. There were 4% more sellers, including the immediate sales.
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.
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%
As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. While the Fed recently dropped rates another quarter, they are insisting that rate cuts will be nominal at most moving into 2025.Just This means some sellers might see their properties moving quickly.
A majority of agents believe 2025 is going to be a great year for the housing market, with 85% saying they have an optimistic outlook , and 70% believing the market will be more stable, according to a new survey from Clever Real Estate.
Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. Those two scenarios have foreclosure auction volume increasing in 2025. This data provides forward-looking insight into retail housing market trends.
In 2025 and beyond, Hanna said he hopes these innovations lead to more growth. In 2025, Hanna said much of this help and guidance will come in the form of taking the business back to basics. As Hanna looks toward 2025 with renewed confidence in his firms mission, he is feeling confident.
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents. We provide transparency into the transaction and help agents show their negotiating value.
In 2025, home purchasers and homeowners will design cozy, environmentally friendly, and climate-resilient homes by fusing the newest technology with vintage, rustic beauty. Floral designs, tapestries, antique furniture, and chintz are all expected to make a big comeback in 2025.
In the current climate, homebuilders have advantages over existing-home sellers. High mortgage rates have kept potential sellers out of the market because many secured rock-bottom rates from the period after the financial crisis through 2022, when the Federal Reserve began to rapidly raise interest rates to combat inflation.
2025 has been much different. Here is the weekly data for 2025: 6 positive readings 3 negative readings 3 flat prints In general, we have noted encouraging year-over-year growth in most of the weekly purchase apps data for 2025. As we can see, the outlook for 2025 appears to be different.
The market action index is 37, indicating that there is a slight seller’s advantage. 89% of sellers used an agent to sell their home. 70% of sellers are repeat sellers, 30% are first-time sellers. 70% of sellers are repeat sellers, 30% are first-time sellers.
To do so, develop strategies and programs that cater to buyers and sellers at every stage. This is incredibly important as regulations like the infamous Telephone Consumer Protection Act (TCPA) will go into effect in 2025. For buyers, focus on delivering second-to-none service and support. It may not be easy, but nothing worthwhile is.
A majority of agents believe 2025 is going to be a great year for the housing market. Although agents are split on whether its going to be a buyers or a sellers market, 87% predict that demand will remain very strong over the next year.
We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process. You might opt for a more upscale gift for your luxury home seller and choose something lasting for the first-time home buyer (Note: they may become a luxury client later in life!).
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. Not only is this method popular, but it’s also well-regarded; 76% of sellers who worked with an agent felt their services were worth the cost.
Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) has remained under 7% for nine consecutive weeks, coming in at 6.67% for the week ending March 20, 2025. i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”[link] What Would Make Sellers Feel More Confident?
More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024. “I explain to sellers that their house will sit on the market if its not fairly priced.
For example, according to HousingWires Mortgage Rates Center , interest rates for 30-year mortgages grew from 7% to 7.36% between December 26, 2024, and January 24, 2025. Beyond that, Deephaven allows up to 3% seller concessions at closing. Thats quite the jump in less than a month. Finance a loan, and you may lose money.
The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.
A new variable this spring is that there are also more sellers coming to market each week than there have been in five years. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too. Why are these sellers emerging now after so many years on the sidelines? More sellers?
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. in 2025, but this could change.
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. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. million in 2025. Thats only 2.3%
This suggests that completed foreclosure auctions may also slightly increase in Q1 of 2025, according to new Auction.com data. This suggests that local community developers who were purchasing distressed properties at auction gained more confidence in the 2025 real estate market after the election results. in Q4 of 2023 and 54.4%
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market.
Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. HomeLight found that the NAR commission lawsuit and the resulting settlement made buyers and sellers uncertain about how to handle changes to buyer-broker agreements. HomeLight notes that this is becoming more common for existing-home sales.
According to Fannie Maes Economic and Strategic Research (ESR) Group , mortgage rates are now expected to end 2025 and 2026 at 6.3% Research from the ESR Group found that the lower mortgage rate outlook resulted in a small upward revision to existing-home sales outlook in 2025, though expectations for total home sales remain subdued.
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