Housing Market Predictions

One thing everyone can agree on is “this summer’s housing market has been anything but hot” (Forbes). Markets are expected to remain sluggish with mortgage rates remaining in the high 6% range and housing supply still below pre-pandemic levels, despite increasing over the past few years. Some express concerns of another housing bubble forming, however this is unlikely given the persistent shortage of homes in the U.S. Although the concerns of another financial crisis like 2008 have been largely allayed, the market shows few signs of improvement any time soon. To revive a “hot” housing market, we need one of two things to occur: mortgage rates to fall or housing inventory to increase.

Click the link below to read more about Forbes’s predictions:

Housing Market Predictions For 2025: When Will Home Prices Drop? – Forbes Advisor

And in the meantime, strategy matters now more than ever. Let Encore help you navigate today’s uncertainty with confidence – Talk to an Encore originator about building a loan strategy that fits your next move.