We're halfway through 2024, so what's in store for the rest of the year and the 2025 housing market? With so many buyers waiting for mortgage rates to drop, we could see a “dramatic” increase in home sales soon. What would cause so much buyer demand to hit the market? Simple: lower rates, low inventory, and a large homebuying-aged cohort waiting to start their families in their first houses. What else is expected for the rest of this year and 2025? Kathy Fettke is on to give her roundup of housing market forecasts from top experts.
Kathy touches on the big topics: mortgage rates, housing inventory, home sales, home prices, and bond yields. These significantly impact your power to buy, sell, and invest in real estate, and knowing what’s coming next could help you make even better investing decisions. Plus, Kathy shares the one type of housing in very high demand that investors (like you!) can help provide NOW!
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Property Manager Finder:
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See Kathy at BPCON2024 in Cancun!
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Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:
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Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025:
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BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast:
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Connect with Kathy:
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00:00 2024 Housing Market Predictions
02:21 Home Price "Growth"
04:33 Housing Inventory Picks Up
05:15 Home Sales to Rise in 2025
06:50 Mortgage Rates and Bond Yields
09:14 Not Enough Homes!
