First American Exchange Company reposted this
No, we don't have psychics on staff, but we do have a stellar team of Economists who recently broke out their crystal ball to predict what 2025 may have in store for the housing market, mortgage rates, and affordability. Here's what they said: - The economic outlook for 2025 is positive, with a strong labor market and no current forecast for a recession. - Inflation is expected to continue decreasing, with goods inflation deflating and shelter inflation expected to decrease as it reflects older rental prices. - The Fed may continue cutting rates in 2025, but the easing might be slower than previously expected. - Mortgage rates in 2025 are expected to be between 6 and 6.5%, slightly lower than the 2024 average. - Existing-home sales are expected to improve but remain below the pre-pandemic average, while new-home sales are expected to perform better due to higher inventory and builders' ability to offer incentives. Stay tuned and follow for more updates on the economic landscape!