If you’ve been wondering where the housing market is headed, you’re not alone. 2024 has been a whirlwind, but as we head into 2025, things are looking a bit clearer.

In this market update, I’m breaking down the 5 key market indicators that will shape real estate next year:

1️⃣ Consumer Debt: National debt is high, but don’t panic. While mortgage debt accounts for $13 trillion of the $18 trillion in consumer debt, homeowners are sitting on a MASSIVE $35 trillion in equity. That cushion changes everything.

2️⃣ Equity Strength: The average homeowner has $319,000 in home equity, and most have access to over $200,000 while still keeping a 20% equity stake. This is why we’re NOT seeing foreclosure spikes.

3️⃣ Foreclosures: Despite what the headlines say, foreclosure activity remains 11% lower year-over-year. Why? That huge equity cushion lets homeowners sell before foreclosure hits.

4️⃣ Mortgage Rates: The big players (Fannie Mae, MBA, Wells Fargo) predict rates will end 2025 around 6.33%, but some experts think we could even see rates in the high 5s. If that happens, expect a wave of buyers to return.

5️⃣ Home Sales: Experts predict we’ll see about 5.1 million home sales in 2025. That’s a mix of new construction and existing homes. While 2024 may have been the valley, 2025 is looking like a comeback year.

📞 Need help navigating the 2025 market? Call Mike Renick at 941-400-8735 to learn how to position yourself for success.

#RealEstateUpdate #2025MarketTrends #teamrenickrealestate #teamrenick

Click Here for Past Episodes:

https://www.teamrenick.com/podcast