Fannie Mae's Chief Economist expects a difficult balancing act for the 2025 market
Tagged: Affordability
As the average age of homebuyers rises, "many Americans still see the ideal of having a home belongs to them," Realtor.com's Laura Eddy says.
High rates coupled with high home prices continue to affect affordability
With sales slow, new reports gauge top markets for first time homebuyers and purchaser priorities
Slow sales reflect stubbornly difficult market conditions, though offers remain competitive
Yet, for-sale listings are stagnating as active listings rose for 14th consecutive month in December
They claim updated energy-efficiency standards for certain single-family and multifamily housing programs were implemented unconstitutionally
Yet, a growing number of stale listings highlights buyers' affordability threshold
Average rates for 30-, 15-year FRMs now similar to this time in 2023, Freddie Mac analysis finds
"Something's got to give," implores ATTOM CEO Rob Barber. "Or a growing number of buyers will have no choice but to toss in the towel."