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The housing market in 2025 is set to offer opportunities to both sellers and buyers. While home prices are expected to remain stable due to ongoing demand, there is potential for growth as interest rates stabilize.
Interest Rates - In 2025, mortgage rates are expected to decline. By the end of the year, rates may end up in the low-to-mid 6% range which will improve affordability for borrowers.
Housing Supply - As mortgage rates decrease, more sellers are expected to list their homes, increasing the availability of homes for sale. Additionally the Mortgage Bankers Association (MBA) says new construction home starts will rise 3.4% in 2025 and 2.6% in 2026 adding to the housing inventory.
Home Prices - Home price growth is anticipate to slow in 2025. The MBA predicts that home prices will increase by 3.8% in 2025, down from 5.2% growth in 2024.
Planning to buy a home in 2025? Turn to the experts at National Iron Bank to get pre-qualified and shop with confidence.
Excerpt from Business Insider and MBA Newslink
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