Housing market in the US: 2025 on the buyer market?

According to the real estate expert, the American housing market is the most friendly to the buyers of spring from the Covid-19 pandemic.

Senior economist Realtor.com Joel Berner said Fox Business that it is now a good time for buyers after long -term reduced transactions, especially in 2024, which became the slowest year for existing at home since 1996.

He believes that the housing market moves from the seller’s market to a more balanced, with increasing inventory, a greater price decline, a longer market and lower prices for the list compared to last year, and all contribute to the current purchasing conditions.

These housing markets were the hottest in January, reports realtor.com

“Regardless of the mortgage ratesWe see that everything is moving in a fairly convenient shopping now, “he said. Berner added that the drop of mortgage rates does not necessarily testify to the buyer market because they can make people rush to the market and raise prices above.

Mauricio Umansky, the founder of the real estate agency $ 1 billion, does not count on the same level of opportunities for buyers as during the housing crisis 2008-2009, but I am sure that the housing market goes to the buyer market.

Like Berner, Umansky said the current market conditions prefer buyers, noting that “there are great opportunities for buyers to be aggressive and writing strong suggestions.”

Mauricio Umansky does not expect to see the same level of opportunities for buyers, which during the housing crisis 2008-2009. (Photo by Patrick T. Fallon / AFP) (Patrick T. Fallon / AFP via Getty Images) / Getty Images)

“2025 will look much better than it is because of what is now on the market, much more options for people, much better prices for people and people who decide it … maybe a good time to get into the sidelines,” Berner said.

said Umansky Inventory begins to grow And, as a result, “sellers became softer” against the cost. Now Umanks said he would probably decline in prices, though nothing is extreme.

Home builders are concerned about new tariffs and influence on material costs

Higher mortgage rates over the past three years have created the “golden handcuff” effect on the housing market as sellers who recorded a record mortgage rate in 3% and less when the pandemic began to sell, limiting supply and leaving little options for future buyers.

Berner said the firms The original forecast of 2025 By the end of the year, the tied interest rates will drop to low 6%. According to Freddie Mac, the average rate on a 30-year fixed mortgage is 6.63%.

“The walk effect has been in place in the last couple of years. We are not really in the mortgage rate where we can say that the fixing effect is dead,” Berner said. “I think what we see is a lot of people waiting for the market and waiting for the mortgage rates, but at some point families are growing, jobs are changing and people have to move. And so we now see more lists, including those that may have listed in the last couple of years but not decide.”

According to Freddie Mac, the average rate on a 30-year fixed mortgage is 6.63%. (Reuters/Sarah Silbiger/File Photo/Reuters Photos)

Realtor.com housing data emphasize how sellers are increasingly adapting to slow market conditions, as the share of houses with a decrease in prices has grown significantly last month.

Higher mortgage rates over the past three years have created the “golden handcuff” effect on the housing market. (Justin Sullivan / Getti Image / Getti Image)

According to its data, the number of houses is actively sold within 16 consecutive months, increasing by 27.5% in February compared to the same period ago.

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According to data, the number of houses sold, including contract houses, increased by 18.2% compared to last year. The houses also spent 66 days in the market, which was almost a week longer than last year.

Umansky said the gap between The requested price And the sale price is expanding, as more and more buyers are driving below. As this trend persists, the seller is likely to reduce housing prices to make sale.