January 2025 Market Trends in Housing

January 2025 Housing Market Trends

According to the Realtor.com® January 2025 housing data, more homes are being newly listed on the market despite higher mortgage rates seen in recent months. Time and natural turnover could be leading some sellers to make a move this year despite higher rates. Meanwhile, listing prices continue to grow, although more small homes available means the nation’s median list price is lower than last year. Finally, there seems to be a Trump Bump in the DC area as people in the new administration are buying large homes.

Year End Review 2024 | Bethesda MD

January 2025 Housing Market Trends

The year end review 2024 has a few silver linings for buyers and sellers in Bethesda MD and the rest of the DC metro area. As home prices hit new highs, home builders have been incentivized to build more homes. In recognition of these higher prices, mortgage giants Fannie Mae and Freddie Mac announced that they would back single-family mortgages of up to $806,500 in most markets, and loans of up to $1.2 million in high-cost markets.

Housing Forecast 2025

Balanced Market?

The housing forecast 2025 predicts home sale prices will grow by 3.7%, mortgage rates will stay above 6% and rents will remain virtually unchanged. Inventory with single-family home starts is expected to grow 13.8%, and existing for-sale home inventory is expected to grow 11.7%, which will help bring the first balanced market in nine years.

Market Update Mortgages 12-3-2024

Market Update Mortgage Rates Have Slowed Buyers

The market update for 12-3-2024 gives an indication of what is to be expected for mortgage rates in the week to come. Mortgage rates are expected to continue to change over the next week. The 30 year mortgage rate is back under 7% while FHA and VA rates were closer to 6%.

Changes to the Real Estate Market Fall 2024

Changes to the Real Estate Market

Changes to the real estate market may change your time line for buying your home.. There are more homes on the market and price appreciation is slowing. Is this the time to jump in and buy that home you want?

Market Update for September 2024

Changes to the Real Estate Market

The market update for September 2024 shows that inventory is increasing across the country. The number of homes actively for sale continues to be elevated compared with last year, growing by 34.0%, an 11th straight month of growth, and now sits at the highest level since April 2020. The total number of unsold homes, including homes that are under contract, increased by 22.9% compared with last year.

Impact of Lower Mortgage Rates on the Housing Market

Mortgage Rate Changes

Mortgage rates are expected to change soon. Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, knowing what the experts are calling for can help you make the best possible decision for your homeownership plans.

Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.

A Balanced Market? Is That Next?

Balanced Market?

Is a balanced market coming soon? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.

Value of Your Home in Chevy Chase MD – August 2024

What is the Value of Your chevy Chase Home?

The value of your home in Chevy Chase MD goes up and down as a reflection of the larger U.S. economy but the long term trend of home values in Chevy Chase is up. The Chevy Chase real estate market is always active with homes ranging from the low $200k to multiple millions in value. There is a good mixture of condos, town homes and single family homes for anyone who wants to buy in Chevy Chase – and since inventory is low, the value of your home in Chevy Chase is high in August 2024.

Home Sales Stats

March 2024 Market Report

Home Sales Stats are a great way to track the changes in the real estate market. In March 2024, we saw the price of homes increase while inventory continued low. The limited inventory has contributed to a decrease in annual home sales. The bright spot however is that new home sales are increasing.