The housing market in 2025 is anticipated to see a slight decrease in mortgage rates, projected to settle in the mid-to-low 6% range. However, home prices are expected to rise at a more sustainable pace of around 3%. Staying informed and working with trusted professionals is crucial for buyers and sellers.
Tag Archives: economy
What To Look For From Last Week’s Fed Meeting
The Federal Reserve’s recent rate cut aims to influence mortgage rates and ease borrowing costs amid fluctuating inflation, job growth, and unemployment. While mortgage rates may gradually decline into 2025, they depend on economic conditions and potential market volatility. Understanding these factors can guide homebuying decisions effectively.
Housing Market Forecast: What’s Ahead for the 2nd Half of 2024
In the latter half of 2024, experts anticipate moderate rises in home prices, a slight decrease in mortgage rates, and steady home sales. Limited housing inventory will continue to drive prices upward, but not at the rapid pace seen during the pandemic. Lower rates could entice more buyers, potentially leading to increased sales this year.
Why There Won’t Be a Recession That Tanks the Housing Market
Amid recession concerns, economist Jacob Channel asserts the current strength of the economy. A survey by the Wall Street Journal indicates a reduced recession projection, supported by low unemployment rates. Future unemployment rate projections also indicate stability. Overall, experts believe a recession is unlikely in the next year, alleviating fears of a housing market crash.
Real Estate | Your@HomeTeam 