Housing market outlook: A market revival isn’t coming soon

Aug 14, 2024 · We’re close to a 6% mortgage rate reality, but it isn’t enough to jump-start the housing market

6%
OFF

Housing Market Outlook: A Market Revival Isn’t Coming Soon

2 weeks from now

Aug 14, 2024 · We’re close to a 6% mortgage rate reality, but it isn’t enough to jump-start the housing market

fortune.com

2%
OFF

Here’s Where Economists Think The Housing Market Is Headed

2 weeks from now

Nov 12, 2024 · While gross domestic product rose 3.2% in 2023, MBA’s outlook is that 2024 will finish at 2.3%, followed by three years of growth of 2% or less. ... Mortgage rates will play a …

housingwire.com

7%
OFF

5 Housing Market Predictions For 2025, According To Realtor.com ...

2 weeks from now

Dec 6, 2024 · An 11.7% jump in existing home inventory and a 13.8% surge in single-family home starts will usher in the first "balanced" housing market in nine years, Realtor.com predicted.

businessinsider.com

70%
OFF

Housing Market Outlook: 5 Areas Likely To See Home Prices Fall In …

2 weeks from now

5 days ago · In a recent note, the real-estate-analytics firm highlighted five metropolitan housing markets that have a more-than-70% chance of seeing declines this year. "The cooling home …

businessinsider.com

34%
OFF

Homeowners Are Happy Where They Are— That Might Be Bad …

2 weeks from now

6 days ago · In addition to the 34% who said selling their home isn’t an option, more than a quarter said they won’t consider selling for at least the next 10 years. Only 7% said they would …

investopedia.com

FAQs about Housing market outlook: A market revival isn’t coming soon Coupon?

Will there be a housing revival in the next 3 years?

“I think over the next three or four years we’ll probably see a considerable revival in housing activity,” Shilling said. “It is going to take time.” When it comes down to it, the housing market is all about a supply and demand game. With so few houses on the market, competition increases—ultimately driving up home prices. ...

What will the housing market look like in 2025?

It also shows stabilizing inflation, with consumer price appreciation pinging between 1.9% and 2.3% per year. Mortgage rates will play a huge part in where the housing market goes from here, and Yun expects four separate rate cuts in 2025. ...

Will a housing market revival be more 'geographically specific'?

Even still, a housing market revival will be more “geographically specific,” Norman predicts. “Markets won't truly recover in terms of increased supply until interest rates come down and jurisdictions modify zoning, codes or incentives to speed construction or lower costs,” Norman says. ...

Will 2025 & 2026 be a good year for the housing market?

Yun predicts an uptick of nearly 2 million jobs for 2025 and another nearly 2 million increase in 2026, which could bode well for the housing market. “2023 and 2024 were both difficult years in the housing market,” Yun said. But pending home sales eked out a 3% year-over-year gain in September, he said, a signal that is “maybe the worst is over.” ...

What will the housing market look like next year?

Next year's housing market may be marked by sizable increases in home and apartment supply. An 11.7% jump in existing home inventory and a 13.8% surge in single-family home starts will usher in the first "balanced" housing market in nine years, Realtor.com predicted. ...

What's going on with the housing market?

These dynamics bode well for the housing market that has been struggling under the weight of record-high mortgage rates, sparked in part by the Fed's hiking of rate at the most aggressive clip since the 1980s to fight soaring inflation. ...