This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
All the housingmarket data for 2024 is in, and its fair to say that the housingmarket 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.
Despite the frequency of departures, real estate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housingmarket has a 90-day average Altos Market Action Index score of 44.18
Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. HW: What housing trends do you think will continue in 2025 and why?
If youre thinking about buying or selling a house and wondering about the housingmarket, 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!
Homebuyers have become older and wealthier Young people are having a particularly hard time in the housingmarket. The median buyer is now 56 years old, up from 49 in 2023. Register today to attend the Housing Economic Summit in Dallas, on Feb. According to a recent NAR survey, homebuyers are older than they used to be.
The COVID-19 pandemic turned a number of nontraditional cities into housingmarket hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Indianapolis has an affordable housingmarket that will make it attractive.
Realtor.com has revealed its Top HousingMarkets 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. Click here for more on Realtor.coms Top HousingMarkets for 2025.
Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housingmarkets. That phenomena is still one of the many long-lasting consequences of the 13-year-old housingmarket bubble that has occurred across the country.
The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values.
The stagnant 2024 housingmarket is one the real estate industry cant wait to get away from, but not so for the niche luxury market. Elevated mortgage rates have stymied the broader housingmarket in 2024, but the luxury segment is somewhat insulated from that because wealthy buyers are less likely to need a mortgage.
What will the housingmarket look like in 2025? For a more comprehensive look, read our 2025 HousingMarket Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housingmarket is contracting a bit now in November.
“Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years. ” Housing industry experts attribute the recent increases in pending home sales to a shift in buyer attitudes about mortgage rates.
Zillow is predicting a more active housingmarket 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
Weve now been in the post-pandemic housingmarket recession market as long as we were in the pandemic boom. Does the housingmarket start to get back to normal? During this period, there were fewer sellers and many more buyers. housingmarket , because more sellers implies more sales can happen.
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. It’s just become a more common theme.
housingmarket has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. While the U.S. ” The report found that affordability remains a major driver of demand.
We are once again expecting mortgage rates to get better gradually, and opportunities for buyers should follow, but be prepared for plenty of bumps on that path,” Zillow chief economist Skylar Olsen said in a statement. As part of their newest outlook, Fannie Maes economists shared five predictions for the housingmarket in 2025.
In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housingmarket, and other hot-button industry issues. The post Industry Survey Gauges Real Estate Agents HousingMarket, Career Sentiment first appeared on The MortgagePoint. who noted a positive impact.
Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Home sales in 2024 have been well below historic norms. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash.
The weaker demographics for homeownership and the disappearance of exotic loan options meant that the market couldn’t maintain such high numbers for long. In essence, this was a time of significant change, where the realities of the housingmarket were reshaping what the percent of homeownership would look like.
In a challenging and expensive housingmarket , some prospective homebuyers may compromise on certain standards and features to secure their purchase. But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. More specifically, 56.1% More specifically, 56.1% Another 37.8%
Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housingmarket. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housingmarket, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A
In over half of the Opportunity Zones examined, median prices rose by more than 10 percent a year as the country’s protracted housingmarket bubble persisted. Regardless matter whether the housingmarket has experienced a sharp upturn, a slight improvement, or a slight decline, that pattern has persisted.
As more properties came ontothe market and overall inventory increased for the 17th consecutive month, the U.S. housingmarket showed signs of a sustained recovery this spring, according to Realtor.com s March Housing Trends Report. Were seeing a market thats rebalancing, offering more choices for shoppers.
While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housingmarkets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers.
Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.
From rates bordering the 7% range, to record high home prices, many home buyers are sitting on the sidelines waiting for a seismic change to hit the U.S. housingmarket. New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own.
It’s great news that 2024 performed better than the 2023 housingmarket. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.
Experts report the Los Angeles market is accelerating mostly due to pent-up demand, with many prospective buyers and sellers having backed off in January, yet returned to the market in February. Wildfires Are Impacting the HousingMarket first appeared on The MortgagePoint. The post How L.A.s The post How L.A.s
The destinations on this years list really capture the breadth of the luxury vacation home market, said Austin Allison, CEO and Co-Founder of Pacaso. The post Time to Get Away: The Most Desired Vacation HousingMarkets first appeared on The MortgagePoint.
The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housingmarket? I think many people are wondering that, so let’s talk about it.
Budgeting, Buyers Remorse and Bills More than two-thirds (69%) of homeowners regret their home and the related costs, and 4 out of 5 (81%) say their spending was higher than they had expected. The post Non-Mortgage Homeownership Costs Shock First-Time Buyers first appeared on The MortgagePoint.
What can we expect ahead for the housingmarket? Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets. What’s January going to be like in 2025? This is my last blog post of 2024.
Pent-up demand caused the housingmarket to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. Compared to before the outbreak, the market still seems less active. . ppts 42.7% ppts 19.5%
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. She highlighted wealthy buyers as the driving force behind last year’s growth in the luxury market.
Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.
But that only represents part of how consumers feel about market conditions. Higher mortgage rates and home prices are still keeping many buyers and sellers away from the market, according to Fannie Mae. The share of respondents who believe it’s a good time to sell a home remained unchanged from December at 22%.
MBA expects 2025 conditions will improve as housing supply increases, giving prospective buyers more options and putting less pressure on their budgets,” Seiler said in a statement. . “2024 was a sluggish year for home sales because of weak affordability conditions throughout the country.
Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housingmarkets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.
High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds. Increasing inventory and reduced demand has tilted the housingmarket in buyers favor in recent months. Some buyers are getting cold feet with everything going on in the world.
Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housingmarket 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. Sturtevant said in a statement.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content