Real estate thoughts for 2025
Real Estate maybe’s for 2025? Despite what some realtors think, none of us have crystal balls, and there is no way to be totally accurate. The following are four interesting takes on the 2025 upcoming market from Zillow Premier Agent blog. Anything that makes us think, and consider possible options is valuable! If you are looking to buy or sell in the Coachella Valley, give local realtor, Kim Kelly a call at 760-285-3578.
- Mortgage Rates: There was a short lived dip over the past 2 years, before the October rise, created some optimism and sales. 2024 was pretty tight on inventory, and Zillow predicts a more active housing market in 2025, with buyers having more of an upper hand. Some signs point to rates easing in 2025, but as we saw in 2024, rates rarely do what’s expected!
- Housing market Activity: Predictions are that it will pick up. There will be modest home value growth, the same as 2024. Zillow predicts 4.3 million in coming sales for 2025, up slightly from 4.1 mil in 2023, and a projected 4 mil in 2024.
- Buyers Market Predictions: According to Zillow’s market heat index, most buyers markets right now are in the Southeast. Predicted buyers markets will spread to the Southwest in 2025 as inventory continues to rise. However, if I rates fall amore than expected, that will dim the prospects of a Southwest spread.
- Housing types: Americans are really embracing small home living. The pandemic era need for more and more space is over. Home buyers will increasingly lean into smaller homes as a more sustainable, affordable and desirable way to live.
Predictions are just that..predictions! Zillow does fabulous market research, and research helps us understand what is happening, or may happen. Gather your information, but ultimately, buy a property if and when you are ready, and find that ONE!
