Expect another 'sluggish' housing market in 2025: Real estate advisor

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Challenge conditions for the US housing market could be staying around longer than expected in 2025. Sotheby's International Realty Global Real Estate Advisor Jenna Stauffer appears on Wealth with Brad Smith to provide tips for homebuyers attempting to navigate a sluggish market. Stauffer notes that the housing market saw affordability and inventory constraints, which she believes will stick around this year and lead to downward pressure on home prices. Her advice for home buyers is to stay persistent, noting sellers are still pricing homes based on past market conditions. "There are some sellers that still have priced their homes according to, maybe, prices we were seeing more back in 2022," Stauffer explains. "And now they're going to have to adjust their expectations.
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The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

Anessa-gibson
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So she's mostly referring to Florida's real estate country wide 🙄. Housing markets vary greatly depending on your area. You can't generalize housing in the US

AKAAAK
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It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

Helen_white
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Inflation would have to see its natural decline and we need a reform on the level of fees and homeownership cost for affordability to make sense.

Jdjdjfhehehd
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No one is addressing the increase cost of homeownership. Burden anyone owning a home with average income. Buyers not considering this we be home broke, will we see corporate American buy up all these default properties, back to square one. We aren’t addressing deeper issues affecting nationwide.

Jdjdjfhehehd
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More urgent than interest rates is a price correction similar to the 2008 debacle. In 1979, my parents bought a home at 18% interest rate, but the price of the home was only 30k! So don't let the media fool you into paying for homes that are already 100k to 150k overpriced compared to just three years ago!

RnR-gc
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Prices already started a downward trend in the Sun Belt

tobyk
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She specifically knows her own market...in Florida. What about upstate New York?

CR
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For sellers it should be a great
Year!

michaelmooresaidso
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Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

UkpeneJohn
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Inventories are up but overpriced so they are going to sit on the market for a while. People made a mistake buying and thinking they can make a quick buck

karimamin
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ConchitaDavey
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LawrenceWooldridge
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