It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior.
Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months.
Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.
Dave:
It is officially prediction season, and today’s guest is someone who never takes his eyes off the data. Mike Simonsen of Altos Research is here to give us an update on the housing market as we close out 2024, and give us a preview of what he anticipates for the coming year. Hey friends, it’s Dave. Welcome to On the Market, the Real Estate News and Economic Show where we like to have some fun while keeping you informed. And I truly love asking people to make predictions because it, no one likes doing it, but it’s kind of fun. And even though no one is ever always right with these predictions, I do think it is helpful to hear how people are thinking through these unknowable questions about what’s going to happen in the coming year. And in today’s episode, Mike threw out a prediction on mortgage rates without me even asking. And he puts some great logic and thinking…