Mortgage Rates Are Projected To Come Down
With inflation cooling, rates should continue on a gradual decline. This should help make buying a home a bit more affordable.
More Homes Are Expected To Sell
As rates come down, more buyers will jump back into the market, which will lead to more home sales in 2025.
Home Prices Are Forecast To Rise
And with more buyers in the market, that’ll keep upward pressure on prices. But the rise should be more moderate than during the pandemic.
Bottom Line
Connect with a local agent to discuss what these forecasts mean for your move, and what to expect from your local market in 2025.
Sources: Fannie Mae, Freddie Mac, Goldman Sachs, HPES, MBA, Moody’s Analytics, Stannery, NAR, Wells Fargo, Zelman & Associates