Housing Predictions for 2025

Lara DeHavenDave Ramsey, Mike Goins Real Estate, News

Housing Predictions for 2025

With the new year and soon-to-be inagurated president, predictions are flying for America in 2025. Today I want to focus on real estate. Will there be a crash? Is this a good time to buy or sell? What will interest rates do? These are questions that directly affect the housing market. While predictions are not guaranteed, they do give us an idea of what to expect. However, nothing is set in stone. Keeping that in mind, let’s see how different experts are forecasting the market. Here are housing predictions for 2025.

Will there be a crash?

Let’s start with the most catastrophic question—will the housing market crash? Many people remember the crash in 2008 and fear something like that happening again. Well, experts do NOT believe that we will experience a housing crash. Rachel Cruze with Ramsey Solutions cites Freddie Mac’s Housing Outlook, which states that they expect housing prices to increase. She writes, “If you’re concerned about the housing market potentially crashing in 2025, you can put those worries to rest.” So now that we got this looming question out of the way, let’s look at practical predictions concerning buying and sellling as well as interest rates.

Is this a good time to buy or sell?

Housing inventory is slowly increasing since the pandemic. So that means, that there are more options for potential buyers. At the same time, buyer demand for houses has remained steady. Of course, there are cycles in the real estate market. For example, winter is typically slow while the summer sees a spike in demand. If you are looking to buy a house, Dave Ramsey advises that you don’t wait IF you are financially ready to purchase a home. Here is an article to help you measure if you are financially ready to buy. On the other hand, if you are ready to sell your home, it is a good time to put your house on the market. However, price it fairly according to the market in your area. Don’t expect over-asking price offers or a feeding frenzy.

What will interest rates do?

While this question does not affect all cash offers, the majority of homebuyers rely on a mortgage to buy a house. Interest rates directly affect the amount you will spend to borrow the necessary money. Right now for a 30-year fixed mortgage, interest rates are 6.893%. They are trending in the right direction and experts expect that trend to continue. Lower interest rates will make homes more affordable.

The housing predictions for 2025 look promising with no crash, a stable market, and decreasing interest rates. If you are considering buying or selling in the Lake Conroe area and beyond, Goins Realty with Lake Homes Realty will represent your interests well. Call Mike Goins today at 936-444-5929 to discuss your needs and wants. Here’s to a great 2025 for real estate!