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Zillow Economists Break Out the Crystal Ball: Housing Market Predictions for 2025 | Market Trends
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In this video of our series _Market Trends_ , Zillow® Chief Economist Skylar Olsen will go over three housing market predictions for 2025.
It's been one of the most challenging years on record for the housing market, with rock-bottom inventory and mortgage rates hitting highs not seen in the past two decades. If you've been hoping to buy or sell in the new year, you're probably wondering if we'll ever see any relief.
While we're likely not entirely out of the woods yet, Zillow® economists predict 2024 will bring improvement on several fronts, including affordability. "This is our breather year," Zillow Chief Economist Skylar Olsen says. "I expect the beginning of a long healing process to kick off in the housing market next year."
What will this look like? For one, although homes will remain expensive in 2024, Olsen says, you're likely to have more to choose from as sellers adjust to higher mortgage interest rates and list their homes in greater numbers.
Read on to learn what else our economists are expecting for the coming year, and what to know whether you're buying, selling or renting.
Full article:
*Housing Market Predictions for 2025: What's Next for Buyers and Sellers*
*Zillow Home Loans:*
Get pre-qualified through Zillow Home Loans in as little as 3 minutes.
*Equal Housing Lender. NMLS # 10287
*Affordability Calculator:*
Use Zillow's Affordability Calculator to estimate a comfortable mortgage amount based on your current budget.
*Zillow Learning Center:*
More articles, resources, and tools to get you home.
#housingaffordability #marketpredictions #housingmarketupdate #homebuyers #mortgagerateupdates
It's been one of the most challenging years on record for the housing market, with rock-bottom inventory and mortgage rates hitting highs not seen in the past two decades. If you've been hoping to buy or sell in the new year, you're probably wondering if we'll ever see any relief.
While we're likely not entirely out of the woods yet, Zillow® economists predict 2024 will bring improvement on several fronts, including affordability. "This is our breather year," Zillow Chief Economist Skylar Olsen says. "I expect the beginning of a long healing process to kick off in the housing market next year."
What will this look like? For one, although homes will remain expensive in 2024, Olsen says, you're likely to have more to choose from as sellers adjust to higher mortgage interest rates and list their homes in greater numbers.
Read on to learn what else our economists are expecting for the coming year, and what to know whether you're buying, selling or renting.
Full article:
*Housing Market Predictions for 2025: What's Next for Buyers and Sellers*
*Zillow Home Loans:*
Get pre-qualified through Zillow Home Loans in as little as 3 minutes.
*Equal Housing Lender. NMLS # 10287
*Affordability Calculator:*
Use Zillow's Affordability Calculator to estimate a comfortable mortgage amount based on your current budget.
*Zillow Learning Center:*
More articles, resources, and tools to get you home.
#housingaffordability #marketpredictions #housingmarketupdate #homebuyers #mortgagerateupdates
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