Will The Housing Market Really Crash in 2025?
In episode 225, Quinton Harris delivers his highly anticipated 2025 economic forecast, a comprehensive analysis that has become one of the most viewed episodes across their platforms. Drawing from three weeks of intensive research and multiple data sources, Harris challenges the doom-and-gloom narratives prevalent in today's market discussions with hard data and demographic insights.
The episode presents startling statistics about the real estate industry, including that 47% of agents completed zero transactions in 2024, and explores why first-time homebuyer age has reached an all-time high of 38. Harris delves deep into supply and demand fundamentals, the "condo conundrum" affecting coastal markets, and presents a bold prediction for mortgage rates dropping to 5.875% by mid-2025, all while explaining why demographics suggest 27 million new homeowners will enter the market over the next decade.
[00:00] - Podcast Introduction and Episode Overview
[01:20] - Explaining Methodology and Data Sources
[02:57] - 2024 Market Recap
[05:09] - First Time Home Buyer Age Analysis
[09:22] - Market Demand Pool Discussion
[18:18] - The Condo Conundrum Deep Dive
[24:55] - Market Built on Fundamentals
[29:28] - Builder Market Analysis
[33:09] - Baby Chaser Index Explained
[39:33] - Housing Crash Analysis
[41:32] - 2025-2026 Rate Forecast
Key Quotes:
"We're talking about 27 million more new homeowners over the next 10 years, that's 2.7 million people a year over the next 10 years to become homeowners." - Quinton Harris
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