U.S. Home Prices Rise as Buyers Press On Home prices in the U.S. continued to rise in November, with a 3.8% annual increase, according to S&P CoreLogic Case-Shiller. This marked the 18th consecutive high for the index, with New York, Chicago, and Washington seeing the biggest gains. Despite higher mortgage rates, buyers remained active, benefiting…

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Home Tours Up, Sales Lag as Mortgage Rates Hit 7-Month High Home tours have picked up slightly in the new year, with Redfin’s Homebuyer Demand Index rising 2% from last month and the same time the previous year. Some buyers are becoming more competitive, waiving contingencies and acting quickly on desirable homes. However, the rise…

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The Truth About Mortgage Rate Predictions: Nobody Knows Mortgage rate predictions are all over the map. Some people say rates are heading higher; others insist they’ll drop. Here’s the truth: nobody knows, and history has proven it over and over again. The market is too complex and influenced by too many variables—from Fed policy to…

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Housing Affordability Challenges in 2024: The Path Forward 2024 has put housing affordability squarely in the spotlight. The issue is no longer a distant problem—it’s here, and it’s significant. Families are feeling the strain from rising rents, high home prices, and a housing shortage of 4 to 7 million homes. These numbers represent real challenges…

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How the US Housing Market Could Recover After a Tough Year America’s housing market faced challenges in 2024, including high prices, sluggish sales, and elevated mortgage rates, which remain above 6%. Despite three interest rate cuts by the Federal Reserve, borrowing costs have not eased. However, the market could find relief through two key factors:…

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Fannie Mae Experts Predict Higher Home Prices Experts predict home price growth will slow after reaching 5.2% this year, with 3.8% growth expected in 2025 and 3.6% in 2026, according to the Q4 2024 Fannie Mae Home Price Expectations Survey. While most panelists attribute the slowdown to high mortgage rates, increased housing supply, and slower…

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Redfin Predicts More Sales, Less Gen Z Activity Redfin’s 2025 housing forecast anticipates modest growth in home sales, rising between 2% and 9% compared to 2024, with home prices expected to increase by 4% due to limited inventory and steady demand. Mortgage rates are predicted to average around 6.8%, keeping some buyers sidelined, though pent-up…

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Fannie’s Short-Term Mortgage and Sales Forecasts Dim Fannie Mae’s latest report forecasts only modest improvements for the housing market in 2025, with existing home sales expected to grow by just 4% from 2024’s near three-decade low. The revised outlook is lower than previous predictions, citing sustained high mortgage rates, which are expected to remain above…

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Fannie’s Short-Term Mortgage and Sales Forecasts Dim Fannie Mae’s latest report forecasts only modest improvements for the housing market in 2025, with existing home sales expected to grow by just 4% from 2024’s near three-decade low. The revised outlook is lower than previous predictions, citing sustained high mortgage rates, which are expected to remain above…

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Housing Shortage Drives Equity Surge According to a TD Bank survey, many homeowners are leveraging home equity to address financial challenges amid low housing inventory and rising debt. With many choosing to stay in their homes instead of selling, 60% cited low inventory and historically low mortgage rates as reasons for holding on to their…

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