Will 2025 Be the Year to Finally Buy a Home? Here’s What Experts Say

 Will 2025 be a better year to buy a house?

Homebuyers have faced high mortgage rates and soaring prices.

Redfin, a Seattle, Washington-based real estate giant, forecasts average 30-year fixed mortgage rates will remain in the high 6% range over the duration of 2025. Online real estate marketplace Zillow says mortgage rates will fall, but only moderately.

Alongside persistently high mortgage rates, experts predicted a continued, albeit slower, rise in home prices.

In September, Goldman Sachs predicted a 4.4% rise in home prices in 2025, which would mark a slight decline from the 4.5% rise in 2024.

~ Above information provided by abc NEWS on January 1, 2025 ~

Shared by Rancho Cucamonga real estate broker  Li Li Hwang

Here are two very important factors for would-be home buyers to think about:

1. The FED announced that the RATE, contrary to new president Trump's request, remains unchanged for a foreseeable future, which means that the mortgage rate will likely stay the same as that in 2024. 
2. The house price will keep rising up to 4.4% nationwide though the number may vary from region to region.

Bottom Line

It may be wise for those who want to buy a house this year to take action sooner rather than later. President Trump has determined to boost the economy by exercising whatever power he has as soon as possible. The downside of a booming economy is a possible high inflation, which will lead to a higher living cost including houses.

Please give me a call today, and let's sit and talk over the 'pros and cons'  of 'buy now' or 'wait'.

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Your local Real Estate Broker | Li Li Hwang | DRE# 01059188 | TEL: 909-910-1188 

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