Will The Market Change In 2025
We’ve officially been in the post-pandemic housing market slowdown for as long as the pandemic boom—two and a half years.
Heading into 2025, the big question is: are we finally going to see the housing market start to recover?
According to experts, affordability challenges and the “lock-in effect” (homeowners choosing not to move and instead holding onto their low mortgage rates) are likely to keep housing activity slow in 2025.
Here’s what we can expect to see in 2025...
INVENTORY WILL CONTINUE TO GROW
The number of unsold homes on the market is finally getting closer to 2019 levels.
In fact, inventory is almost 27% higher than a year ago. This means greater selection for homebuyers and less competition.
HOME PRICES WILL APPRECIATE, JUST SLOWER LEVELS
According to experts, home prices are still expected to rise, just at a more moderate pace than what we have seen in the past 4 years, with an anticipated appreciation of around 3-5%.
INTEREST RATES WILL DECREASE
Average mortgage rates are expected to dip modestly (with only a slight decline to around 6% by year-end), with occasional volatility throughout the year.
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