HousingWire’s 2025 Housing Market Predictions: Rates, Prices, and More

In this episode of the "On The Market" podcast, Mike Simonsen from Altos Research shares his insights on what the housing market might look like in 2025. He discusses surprising trends from 2024, such as ongoing high mortgage rates, unexpected rises in home prices despite a surge in inventory, and a slowdown in migration patterns typical of the pre-pandemic era. Simonsen predicts that mortgage rates will hover around 6% in 2025, occasionally dipping below that mark. He anticipates a roughly 5% increase in home sales and a 3.5% rise in home prices. He emphasizes the need to keep an eye on weekly new listings to spot potential market changes.