2025 Preview of Possibility

Pensive participants, mortgage rate reversals, changing of the guard, and more seem to have been pulling on the real estate bridles nationwide. Perhaps you are impacted by this pausing phase in one way or another.

While consumers do wait and watch, the market is still operating, albeit at a slower rate. Seasonal slows are certainly at play, and necessity always drives buyers and sellers. Perhaps it is the loss or lack of more varied opportunities that strikes the emotional element of real estate and activates the pause button. Those that are available appeal to the market segments that are uniquely prepared for each. In scarce times, it may feel there are no opportunities but those around properties in duress.

NAR Chief Economist Lawrence Yun is filling the echo-empty space with his consoling perspective. His forecast is hopeful, though not so apparent to our minds after experiencing the market dynamics in 2020-2021 with record low interest rates and practically frenzied interest in property ownership.

Essentially, Yun shares that interest rates will stabilize around 6%, that the stock market’s performance alludes to job growth, and, with more jobs and a stabilized mortgage rate, home supply increases and sales are supported.

Keeping my comments and summary short, I hope you will give the article a quick read! Feel free to leave a comment below as well. How is the housing market today impacting your real estate needs, goals, and dreams?