What is the latest housing market outlook for 2025 and what key trends should
we expect as we move into next year?
Hi, I’m Terry Tucker with eXp Realty. I love helping people sell and buy homes right here in the San Ramon Valley and all over the San Francisco Bay Area!
As we start to shift into the new year, what are some key insights that could help influence your homeownership journey. Whether you are contemplating buying your first home, selling your property or purchasing a replacement property, understanding what to expect in the housing market is crucial when making these important life-changing decisions. So let’s dive in and see how the experts are weighing in.
First, let’s look at mortgage rates. We are finally starting to see a decrease in rates. Although the decreases have been slight, it has been a breath of fresh air from the last two years of crippling high rates.
Experts are predicting we should continue to see a gradual decline in mortgage rates next year due to the easing of inflation with predictions that lower mortgage rates could encourage buyers on the fence to enter back into the marketplace. We should also see home sales on the rise with more homes expected to sell. This is partially due to the uptick in both the supply of homes on the market and the increase in buyer demand. Fannie Mae is predicting national home sales to reach about 5.4 million.
Now, let’s take at home appreciation predictions for next year. Home prices are expected to have moderate appreciation. According to most financial experts, the national home price growth should rise to about 3.2% nationally. Finally as a prospective buyer or seller what should you keep your pulse on next year? You always want to be aware of your local market conditions. What is happening in your area may not be specific to what is happening nationally. Markets can behave differently in different regions. If you are planning on moving to another state, you want to familiarize yourself with their local trends, prices changes and inventory levels. You also want to be aware of buyer competition, be prepared for bidding wars or quicker sales. And finally keep a tab on economic indicators like unemployment rates, inflation and job growth factors. These indicators all factor into the housing market trajectory. But most importantly, align yourself with an exceptional agent to
guide you through the process and be able to give you all the information about the latest housing trends, affordability and pricing.
If you have any questions or would like more information on the inventory in your area, along with pricing and strategy, please reach out to me. Working with a knowledgeable agent can help you navigate the market conditions effectively and will benefit you down the road with your largest long term investment. I’m a seasoned East Bay expert with a 5-star rating. I will help you navigate the market and make it happen, whether that’s selling or buying or both!
And if you or someone you know needs 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 Tucker and I’m a home selling expert. Let’s get you going . . . call me today!
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