Redfin just released their highly-anticipated 2025 housing market forecast, and today, we’re reacting to each of their ten crucial housing market predictions. We’re touching on the exact numbers you want to hear about—home prices, mortgage rates, home sales, rent prices, and housing supply. Knowing what’s coming could give you an edge as an investor, agent, or first-time homebuyer.
First, we’re reviewing Redfin’s home price predictions for 2025. Will things get any more affordable, or will high home prices persist into 2025? Will mortgage rates finally reach the low sixes, maybe even into the high fives? Dave disagrees with Redfin’s take on interest rates, so where does he think they’ll be headed?
If you’re a real estate agent, broker, loan officer, or in the industry, listen up! Redfin has some good news you want to hear about home sales! Renters and landlords, take note—Redfin’s predictions suggest rents could become more affordable for everyday Americans. But that’s not all; we’ll also review their housing inventory, agent commission, and migration predictions for 2025!
Dave:
It is prediction season. As we wind down 2024, almost everyone is going on record about what they think will happen to the real estate market in 2025. Redfin is one of the most reliable sources around for real estate industry news. So today I’m going to review their predictions that their economics team put together for 2025. They’ve put together a total of 10 predictions and I’ll tell you I definitely don’t agree with all of them, so make sure to stick around to see where we differ in opinion. And if you want to see all of my personal predictions for real estate in 2025, you can check out our YouTube channel or maybe you’re watching there already, but if you’re listening to this as a podcast, we recently released videos about where I see mortgage rates, home prices and rents trending in the next 12 months. So you can go check those out.
Dave:
Alright,…