{
Selma Hepp

People

}
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001122334455554433221100

Housing Market Predictions for 2025 Amidst Economic Uncertainty and Rising Costs

Mortgage rates are expected to stabilize around 6% as the housing market sees increased activity from buyers and sellers who have delayed transactions. Economists predict a 4% rise in median home prices in 2025, while rental prices may remain flat, allowing renters more negotiating power. However, potential economic policies could introduce volatility in both mortgage rates and home prices.
CNBC
United States Dollar LendingTree, Inc. Redfin Corp National Association of Realtors CoreLogic USA Selma Hepp Jessica Lautz Jacob Channel Donald Trump Show more
Finance & Economy, Market Report
16:00 08.12.2024

first-time homebuyers reach record age amid housing market challenges

The average age of first-time homebuyers in the U.S. has reached an all-time high of 38, reflecting a decline in their market share from 32% to 24%. High rent prices, a significant housing shortage of 4 million homes, and increased competition against wealthier buyers are making homeownership increasingly difficult for younger adults. As a result, many renters remain cost burdened, spending over 30% of their income on housing, which hampers their ability to save for a home or pay down existing debt.
CNBC
Euro United States Dollar Redfin Corporation Corelogic Inc. HGTV Zillow Group, Inc. USA Orphe Divounguy Jessica Lautz Selma Hepp Jonathan Scott Show more
Finance & Economy, Market Report
18:13 05.11.2024

pending home sales surge despite rising mortgage rates

Pending home sales surged 7.4% in September, the highest since March, driven by lower mortgage rates in late summer and increased inventory. However, with rates now exceeding 7%, affordability is strained, and experts predict this uptick may be short-lived, impacting 2024 sales.
CNBC
United States Dollar Mortgage News Daily Mortgage Bankers Association National Association of Realtors Corelogic Inc. USA Lawrence Yun Selma Hepp Show more
Finance & Economy, Market Report
16:56 30.10.2024
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