Leo Pareja, CEO of eXp Realty, expresses a "cautiously optimistic" outlook for 2025, predicting home sales will increase by 10% as mortgage rates fall below 6%. He notes that potential buyers and sellers have been eager to engage in the market, leading to expectations of a more active housing environment. The forecast contrasts with Realtor.com's modest 1.5% sales growth prediction, emphasizing a significant shift as housing inventory increases alongside demand.
Realtor.com anticipates that as mortgage rates are expected to drop, nationwide home prices could see a climb of 3.7% in 2025. This aligns with gradual price increases observed since 2012. Pareja's optimism points towards a potential end to a years-long slump in home sales, contributing to the market's shifting trajectory. With more homes available and increasing interest from buyers, the future landscape may present unique opportunities for both sellers and buyers.
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