It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!
Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country’s best real estate investing markets and naming the cities we believe have the best potential for building wealth!
Dave:
A year ago, we made some bold declarations about what would happen in the housing market in 2024, and today we’re going to talk about what we were wrong, about, what we were right, about, what Zillow was wrong about and right about. And we’ll talk about what we think we have in store for 2025. Hey everyone, it’s Dave. Welcome to On the Market for our annual predictions show. If you are new to listening to on the Market, this is a fun one for you to join. I am joined here today by my three favorite panelists, Kathy Fettke, James Dainard, and Henry Washington. Thank you three for joining us today.
Henry:
I bet you say that to all your panelists.
Dave:
Well, it’s fair to say that you’re my favorite because you’re the only three panelists, so you are all my favorite. How are you guys feeling? Kathy, do you even remember what you predicted last year?
Kathy:
Sure. No, I really don’t.
Dave:
Well, lucky for you, we have a producer who went back and dug up everything we predicted, so we compare…