Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and they’ll probably sum it up in one word: unaffordable.
A continued trend of higher-for-longer mortgage rates will continue into 2025 accompanied by high home prices, but slight improvements are ahead, bringing some (but not much) relief to cost-weary potential homebuyers who’ve been sidelined.
So how does all of this impact housing market predictions for 2025? This article serves as a look at what experts are forecasting for the year ahead, based on the latest published forecasts and in-depth interviews with several industry economists.
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