Sellers and buyers, 2025 is here and the housing market is already showing some exciting trends in rates, inventory and pricing.
Hi, I am Terry Tucker with eXp Realty. I’ve got all the latest stats and insights to help you navigate this year’s real estate market.
First, let’s talk Mortgage Rates: This year we expect to see a gradual decline. I know the process has been slow but the Feds ongoing rate-cutting cycle is expected to nudge mortgage rates slightly lower. While we’re not heading back to those dreamy 4% rates, experts forecast a new normal of 5.9% to 6.5% throughout the year.
What does this mean for buyers? Affordability gets a boost! Lower rates mean smaller monthly payments, but don’t expect a massive surge in buyer activity just yet as inventory remains tight.
What about home sales? Experts are predicting a modest growth ahead. After a quieter 2024, this year is set to see a slight increase in home sales. According to the National Association of Realtors, existing home sales are projected to hit 4.1 to 4.4 million, making a year-over-year increase of 2.5%. Why the bump? Many sellers who held off during last year’s elections are ready to jump back into the market. And good news, we should continue to see steady appreciation for home prices too. This is because even with more homes coming to market, inventory levels are still too tight to meet buyer demand. This means home prices will continue to rise at an appreciation of 3.1% percent for the year. That’s steady growth making this year a great year to lock in your equity or get started on building on it.
Finally, what does this all mean for you: For buyers, now’s the time to act before the market becomes more competitive. For sellers, demand is still strong, and with prices rising, you’re in a great position to capitalize on your home’s value. Just remember having an experienced agent on your side can make all the difference in navigating the market! Connect with my team and I to help make your move a great one this year! Give us a jingle!
With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate. Connect with me today to get more information, and we can strategize what to do with your home.
And if you need to sell a home… ask me about my home-selling plans. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum – Pick your Plan and Pick your Price. Terms do apply. I’m Terry and I sell homes. Let’s get started! Call me today!
