BiggerNews: 2024 Housing Market Update (Home Prices, Mortgage Rate Predictions)
Podcast: BiggerPockets Real Estate PodcastPublished On: Fri Aug 09 2024
Description: Where will the housing market be by 2025? We’ve got some of the top 2024 housing market predictions to share today as we run through what could happen with home prices, mortgage rates, inflation, unemployment, and how single men could unintentionally tank the housing market. But we’re not just reviewing other housing market forecasts; we’re giving our own as we bet on what will happen by the end of this year. If you’re buying, holding, selling, or even thinking about investing in real estate, this is data you need to hear. First, we’re giving you a full rundown of the state of real estate in 2024 and where we are now. We’ll then move on to inflation, the Fed’s biggest target for the past few years. Inflation is starting to taper off, but will we be able to hit the golden two percent inflation rate by year’s end? And with inflation finally falling, would that mean the Fed can FINALLY cut rates and lead us into a lower mortgage rate environment? We’ll tell you exactly where we think rates will be by 2025. Next, we’re hitting on home prices. Some top forecasters are predicting above-average home price growth, while one BIG listing site sees us going negative by this time next year. Who’s right, who’s wrong, and why is one wild predictor saying that single men will cause home prices to fall by twenty percent? We’re getting into it all in this episode of BiggerNews! In This Episode We Cover: 2024 housing market predictions and where we’ll be by the end of this year Mortgage rates, rate cuts, and the Fed’s BIG decision to make in the Fall of 2024 The current state of the housing market and whether things are improving for buyers A growing unemployment rate and whether we’ll see continued job loss into 2025 Home price forecasts for the summer of 2025 and why one leading listing site expects us to go negative Whether or not we’ll see a housing crash in the near future (and who would cause it) And So Much More! Links from the Show Share Your Predictions on the BiggerPockets Forums Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab Dave’s Newest Book, “Start with Strategy” Find Investor-Friendly Lenders See Dave and Kathy at BPCON2024 in Cancun! The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing? (00:00) Intro (02:16) The State of Real Estate (So Far) (03:27) Inflation Rate (07:36) Jobs and Unemployment (12:49) Fed Rate Cuts (17:18) Mortgage Rates (22:12) 2025 Home Prices (27:38) Housing Crash Coming? (31:12) Single Men Tank the Housing Market Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1002 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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