The 2025 housing market for first-time homebuyers

Dec 17, 2024 · The typical first-time homebuyer is 38, up three years from 2023—a stark increase from the 1980s when the typical first-time homebuyer was in their late 20s. This aging trend is matched by a ...

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Buying A Home Could Get Easier In 2025 — But Not For First-Time …

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Dec 7, 2024 · All of these factors could improve the housing market going into 2025. Redfin predicts that home sales will increase anywhere between 2% and 9% next year. ... First-time …

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Housing Market Predictions For 2025 And 2026 By NAR Chief

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Dec 25, 2024 · As we dive into Housing Market Predictions for 2025 and 2026, experts are projecting a notable increase in home sales, with estimates showing a 9% increase for 2025 …

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Housing Market Predictions: Will Home Prices Drop In 2025?

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Dec 17, 2024 · Here’s what we know about the national real estate market at the time of this ... sales coming from first-time buyers (down from 28% a year ago) ... purchasing a house in …

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FAQs about The 2025 housing market for first-time homebuyers Coupon?

Should first-time homebuyers buy a new home in 2025?

This is especially good news for first-time homebuyers, who might find new homes easier to access in areas that are growing. In 2025, new-home sales and single-family housing starts are expected to improve compared with other types of homes. Builders plan to construct about 1.1 million homes, which is a 13.8% increase from 2024. ...

How will the housing market change in 2025?

According to Realtor.com, housing starts for new single-family homes could hit 1.1 million in 2025, a 13.8% increase. All of these factors could improve the housing market going into 2025. Redfin predicts that home sales will increase anywhere between 2% and 9% next year. ...

What will a 'balanced' housing market look like in 2025?

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. That would mean neither buyers nor sellers will have disproportionate leverage in 2025. New single-family homes are expected to reach 1.1 million, the most since 2006. ...

Is 2025 a good time to buy a home?

Mortgage rates, however, are expected to ease in 2025. This will help make homeownership more affordable. Thanks to elevated mortgage rates and high home prices, it's been a tough year for homebuyers. In Fannie Mae's most recent National Housing Survey, only 23% of consumers said they think it's a good time to buy a home. ...

What are housing market predictions in 2024 & 2025?

If you're planning to buy or sell soon, here's what you need to know about housing market predictions in 2024 and 2025, and how you can prepare. The average home value in the U.S. is $359,099, according to Zillow — up 2.6% year over year. In November, average 30-year mortgage rates rose to 6.56%, an increase from the previous month. ...

How many homes will sell in 2025?

The forecast is based on the assumption that interest rates will stay around 6.5%, and that more sellers will list their homes for sale. Zillow forecasts 4.3 million sales of existing homes in 2025, up slightly from the 4 million expected to sell in 2024. ...