Homebuyers cautiously optimistic about 2025, realtors fear market slump
Inflation will be a key indicator to watch for housing market performance this year.
When the Fed began lowering curiosity rates in September, and mortgage rates hovered honest above 6%, a lot of folks hoped 2025 would elevate mortgage rates nearer to 5% by the stay of the twelve months. Customers, for one, had been hopeful that decrease mortgage rates would reignite activity, shifting the support in direction of a seller’s market.
On the opposite hand, months of elevated inflation and political uncertainty from the 2024 presidential election absorb created upward tension on mortgage rates and dampened homebuyer activity.
The twelve months ahead may deem about diversified than anticipated, nonetheless homebuyer optimism may proceed all over 2025.
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