Real Estate Predictions for 2025

 Interest Rate Projections and Housing Affordability 

 Interest rates have a profound impact on real estate, especially on mortgages and home affordability. Here’s a snapshot of projected interest rates for key US by 2025: 

Country - 2023 Interest Rate (%) - Projected 2025 Interest Rate (%) - Impact on Housing

United States          -           7.00             -                      6.00              -             Lower rates may ease 

 Residential Market Trends by 2025 

Country - Average Home $ 2023 - Projected Average Home $ 2025 - Annual Growth - Key Drivers

United States           -        $ 450,000         -        $ 480,000         -         3.3%         -          growth & expansion

If you’re thinking this is the ideal time to put your house on the market, you’re certainly not the only one. Sellers make the most money and sell fastest in the first two weeks. While the market may be steadily moving this time of year, there are still some key steps you shouldn’t skip:

Here are 11 things you should know about selling your home:

• There are more buyers
• There are also more sellers to compete with
• This year won't be the same as last year
• Your buyer may be on a specific timeline
• The market varies from city to city
• More days on market doesn't spell doom
• You may have to lower your asking price
• Some staging is required
• Some projects can be DIY
• A professional touch on bigger upgrades may see more return.

 Most Importantly, contact Price Homes for the added guidance prior to working on finances, your home and weighing your next more. There are so many things you may want to do but it may not be necessary to accomplish your goals.