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Considering buying or selling a home in 2025?
Also see the projected top 50 markets this year.
Is Now a Good Time To Buy a House?
As Cruze noted, now could be a good time to buy a house and it might not be.
It depends: Can you say yes to each of the following questions?
Are you debt free?
Do you have an emergency fund of 3-6 months of expenses?
Will your monthly house payment on a 15-year fixed-rate mortgage be 25% or less of your income?
Can you make a down payment?
Can you pay closing costs?
If youre prepared financially, then its a good time to buy a home.
How Will the Housing Market Change Under a New President?
While President Trump can havesomeimpact on the housing market, he cannot control interest rates or housing prices.
Rather, Cruze noted, homebuyers have more control of their own money than Trump.
What Does the 2025 Housing Market Mean for Buyers and Sellers?
As Cruze pointed out, with home supply rather low at the moment, its not a buyers market.
Prices are high, but some of the buying competition has slowed, making home purchases easier.
Will Interest Rates Go Down in 2025?
Cruze pointed out that mortgage rates began to fall from 2023 to 2024 following a massive two-year spike.
So, will interest rates plummet?
Will There Be a Lot of Foreclosures in 2025?
Foreclosures decreased by 10% in 2024, and thats a trend Cruze predicted will continue.
Will the Housing Market Crash in 2025?
She pointed out that the Federal Home Loan Mortgage Corporation indicates prices are expected to grow in 2025.
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