“The housing market—like so many other markets—is almost impossible to time,“ Divounguy says. “The best time for prospective buyers is when they find a home that they like, that meets their family’s current and foreseeable needs and that they can afford.” Gumbinger agrees...
This is because a rate dip would pull more buyers than sellers back to the market, which would increase competition among buyers and give sellers the edge in negotiations. 4. Deals for renters will be less common Renters were able to claim all sorts of concessions in 2024, when new multi-...
“Housing values are predicted to appreciate steadily, just not at the double-digit gains we observed in the past few years,” says Gelios. “Sellers can still expect to make a decent profit from their sale, provided their sales price is strong coming onto the market.” Jennifer Spinelli, ...
While all three issues show signs of improving, or potentially improving, experts still expect 2025 to be a challenging year for the U.S. housing market. The housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels co...
Mortgage rates will take center stage in 2023, with high rates likely to make it the slowest housing-market year since 2011. Our forecasts for mortgage rates, home sales and home-sale prices account for a range of outcomes for inflation, employment and other macroeconomic factors. As such, ou...
Key housing market stats The median home-sale price in the U.S. as of November 2024 was $406,100, according to NAR. That’s an increase of 4.7 percent from November 2023 and marks the 17th consecutive month for year-over-year price increases. ...
If you’re thinking about buying or selling a house and wondering about the housing market, you’re not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that you’d want the latest market update before you make any...
Key housing market stats The median home-sale price in the U.S. as of November 2024 was $406,100, according to NAR. That’s an increase of 4.7 percent from November 2023 and marks the 17th consecutive month for year-over-year price increases. ...
Key housing market stats The median home-sale price in the U.S. as of November 2024 was $406,100, according to NAR. That’s an increase of 4.7 percent from November 2023 and marks the 17th consecutive month for year-over-year price increases. ...
In addition, while housing inventory has grown, it’s still below what’s needed for a balanced market. While all three issues show signs of improving in the coming months, experts still expect 2025 to be a challenging year for the U.S. housing market. The housing market in 2025 might ...