Updated 2024 Housing Market Forecast + BIG Home Sales in 2025?

We're halfway through 2024, so what's in store for the rest of the year and the 2025 housing market? With so many buyers waiting for mortgage rates to drop, we could see a “dramatic” increase in home sales soon. What would cause so much buyer demand to hit the market? Simple: lower rates, low inventory, and a large homebuying-aged cohort waiting to start their families in their first houses. What else is expected for the rest of this year and 2025? Kathy Fettke is on to give her roundup of housing market forecasts from top experts.

Kathy touches on the big topics: mortgage rates, housing inventory, home sales, home prices, and bond yields. These significantly impact your power to buy, sell, and invest in real estate, and knowing what’s coming next could help you make even better investing decisions. Plus, Kathy shares the one type of housing in very high demand that investors (like you!) can help provide NOW!

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See Kathy at BPCON2024 in Cancun!
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Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:
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Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025:
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BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast:
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Connect with Kathy:

00:00 2024 Housing Market Predictions
02:21 Home Price "Growth"
04:33 Housing Inventory Picks Up
05:15 Home Sales to Rise in 2025
06:50 Mortgage Rates and Bond Yields
09:14 Not Enough Homes!

[grabthemappodcast]

The perspective on comparing year-over-year home price growth was insightful, Kathy. Your explanation about the current market dynamics versus last year's negative growth period really put things into perspective.

[CoreyBurns-pm]

If people can’t afford a house before it’s remodel, what makes you think they going to be able to afford after the remodel lol

[desmondthornton]

I love this stuff, I wish I would have got into this type of education coming out of high school. This is the type of education we should teach in the schools

[AmarjotRandhawa-mbrp]

Other things have become expensive too.

[AmarjotRandhawa-mbrp]

The houses will always be expensive for first time buyers whether the interest rates go up or down.

[themarkandmelteam]

We noticed a ton of novice investor supply coming to wholesalers and then to us as REALTORS because they overpaid and over extended their cash. Investors need to understand they need to be very cautious, to allow for value dips in volatile markets, and have extra cash on hand so their not over extended and lose their shirts.

[laladeylaya]

She’s a real estate agent all of them are saying how prices will go up blah blah blah, but I’m saying looking at the market because I have an offer to purchase to do I see values going down in the area that I’m buying a house every single day it gets lower on every single day more houses on the market.

[commodoor]

Investors are part of the problem. You're competing for the houses that first time buyers want, they you do improvements using the lowest quality and push this off as eye candy. Stop doing it. You're hurting the housing market.

[jeffrt]

It has nothing to do with the pandemic and everything to do with the Bidemic

[Nournourhayati]

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