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Oct. 29, 2024

The Housing Market Is SHIFTING – What You Need to Know

The Housing Market Is SHIFTING – What You Need to Know

The Housing Market Is SHIFTING – What You Need to Know

Introduction

The housing market is shifting as we head into 2025. With shifts in inventory, mortgage rates, affordability, and economic conditions, buyers and sellers alike need to be prepared for the coming changes. In this deep dive, we’ll analyze what’s happening in the real estate market, why these changes are occurring, and what you can do to make smart decisions in this evolving landscape.

The State of the Housing Market in 2024

  • Mortgage Rates: Interest rates have remained volatile, hovering between 6% and 7%.
  • Inventory Levels: Supply of homes is increasing slightly but not yet a buyer’s market.
  • Home Prices: Growth has slowed, though prices have not significantly dropped.
  • Affordability Challenges: Higher home prices and elevated mortgage rates have impacted first-time buyers.

Why Is the Housing Market About to Shift?

1. Mortgage Rate Adjustments

The Federal Reserve has indicated potential rate cuts, which could lead to increased buyer demand, more refinancing, and a competitive seller’s market.

2. Housing Inventory Growth

More homes may come to market due to baby boomers downsizing, new construction projects, and economic factors leading to sales.

3. Economic and Job Market Factors

The strength of the job market plays a crucial role in housing demand. Rising unemployment or stagnating wages could slow down the market.

What This Means for Homebuyers

  • Be prepared for interest rate changes.
  • More inventory means more choices.
  • Factor in long-term affordability.

What This Means for Sellers

  • Pricing strategy will be key.
  • Market your home effectively.
  • Expect longer days on the market.

Conclusion

The housing market is on the brink of change. Understanding these trends will help you make informed decisions. Stay updated, work with professionals, and approach 2025 with a well-thought-out strategy.

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Jeb Smith & Josh Lewis

Hosts, The Educated Homebuyer Podcast

Navigating the world of real estate and mortgages can be overwhelming—rising home prices, shifting interest rates, and endless advice that often leads to more confusion than clarity. That’s why we’re here.

We’re Jeb Smith, a veteran real estate broker, and Josh Lewis, a mortgage expert with nearly 30 years in the industry. Together, we simplify real estate and financing so you can make informed decisions, avoid costly mistakes, and build long-term wealth through homeownership.

As co-hosts of The Educated Homebuyer Podcast, we break down market trends, home-buying strategies, and mortgage insights to give you the tools you need to succeed—whether you’re a first-time buyer, seasoned investor, or just trying to make sense of today’s housing market.

Why Trust Us?

✔️ Jeb: 20+ years in real estate, expert negotiator, and trusted guide for buyers & sellers.
✔️ Josh: Mortgage broker with nearly 30 years of experience, making financing simple & stress-free.
✔️ No fluff, no hype—just real, honest advice you can use.

📍 Work with our mortgage team on a purchase mortgage or refinance OR get connected to our nationwide network of expert Realtor to buy and sell
📺 Watch Jeb: YouTube.com/JebSmith
📺 Watch Josh: YouTube.com/@JoshLewisCMC
🎙️ Listen: The Educated Homebuyer Podcast (Apple, Spotify, YouTube)Buying, selling, or refinancing? We’ve got you covered.

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