For the first time in nine years, Realtor.com projects that the housing market in 2025 will be 'balanced,' as inventory and demand should be in line with each other.Realtor.com projects single-family home inventory to grow by 13.8% and existing for-sale home inventory to increase by 11.7%.President-elect Donald Trump has vowed major changes to regulations in his second term. Realtor.
'RELATED STORY | Townhouses soar in popularityOther highlights from Wednesday's report include:Slight decline in mortgage rates. Thirty-year fixed mortgages currently average 6.8%. Realtor.com projects that the average mortgage rate will fall to about 6.3% in 2025, and could reach 6.2% by the end of the year.Home sale prices to increase. Homes will sell for 3.7% more in 2025 than in 2024, Realtor.com projects. In 2024, home prices increased by 4%, and in 2023, they went up 1.1%.Realtor.