This podcast discusses current trends in the US housing market, focusing on affordability and sales volume. The co-hosts analyze recent data showing a strong finish to 2024 in existing home sales, despite rising mortgage rates, and project a 5% increase in sales for 2025. They note that while increased listings are slowing home price growth, a significant drop in mortgage rates (to around 5.5%) would be needed to substantially boost demand. A consumer survey reveals that a rate decrease to 5.5% would significantly increase the likelihood of home purchases. Finally, geographical variations in inventory growth are highlighted, with Florida showing higher increases than the Northeast and Midwest.
