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Thehousing marketis shaping up for some interesting changes.
Although no one has a crystal ball, experts are sharing predictions about what could happen.
Home Inventory
Sassower predicted that 2025 is going to have even less inventory than 2024.
The competition will be fierce with multiple offer situations in coveted suburbs across the country, she said.
People are living in their homes longer and there is not enough supply for first-time home buyers.
Buyer Trends
Buyers have become more flexible in their home search, said Sassower.
Previously, they were focused on specific towns.
But with low inventory, they have broadened their areas of interest.
Additionally, home offices have continued to be a must-have feature.
If you price correctly, youre likely to get multiple offers even in this transitional market.
For buyers, Jerome recommended buying.
Every month that you pay rent is a waste, she said.
Own and grow your equity.
Sassower said that buyers should start preparing now.
The market will move very quickly, so check that your team is ready to move quickly as well.
Afew slight improvementsto a home can mean much higher profit margins.
Price your home right.
Overpriced homes in any market sit and lose value.
The first weekend on the market is the most important.
That means the right price with the look of a refreshed home.
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