Real Estate Blog

BI With home prices remaining high and mortgage rates hovering around 6.8%, many prospective buyers and sellers are wondering: Is a housing market crash on the horizon in 2025? According to leading economists and housing experts, a significant crash is unlikely this year. 📈 Home Prices: Continued Growth, But at a Slower Pace Forecasts from major institutions suggest that home prices will continue to rise in 2025, albeit more moderately than in previous years: Fannie Mae projects a 4.1% increase in home prices for 2025 and a 2% rise in 2026.   The Mortgage Bankers Association anticipates a 1.3% growth in 2025.   The National Association of Realtors expects median home prices to rise by 3% in 2025 and 4% in 2026.   These projections indicate a cooling market but not a downturn. 🏠 Supply and Demand Dynamics One of the primary reasons a crash is unlikely is the persistent shortage of housing inventory. The limited supply continues to support home pric...

  September brought some welcome news for the real estate market: pending home sales held steady for the first time in nine months, signaling a potential turning point for demand. As mortgage rates continue to decline, other key indicators like home tours and mortgage-rate locks are also showing improvement. Pending Sales Stabilize After Months of Declines For the four weeks ending September 29, pending home sales were flat compared to a year ago. This is the first time since January that sales didn’t decline year-over-year, a positive sign for the market. Sales are picking up in many major metros, with cities like Phoenix seeing a 13% increase, followed by San Jose and Portland with 12% and 10% gains, respectively. Although pending sales haven’t returned to pre-pandemic levels, this improvement hints at a growing interest in homebuying. However, not all regions are experiencing this uptick. Florida, in particular, continues to see a decline in pending sales due to factors like cli...