As 2024 begins to wind down, the forecasts for 2025 are starting to roll in. A recent prognostication from Bankrate.com. says in 2025 the housing market could have a more favorable outlook than much of 2024 had, due to improving mortgage rates and inventory levels. However, they also say there’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of the recent U.S. presidential election remains a wild card. Indeed…
Some key takeaways:
- Would-be homebuyers continue to be discouraged by elevated mortgage rates & rising home prices.
- While housing inventory has grown, it’s still below what’s needed for a balanced market.
- Experts expect 2025 to be a challenging one for the U.S. housing market.
Click here to read the full story at Bankrate.com.
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Written by: Brad Beckett