Consumers adjust market expectations as forecasts signal a still-challenging environment in 2025
Tagged: Home Prices
“I am surprised to have seen some of the increases in home prices," CoreLogic's chief economist says.
As affordability pressures persist and inventory rises, analysts see slower gains in 2025, 2026.
Northeast markets show strong annual gains in October, despite "slower job growth" and "affordability concerns."
'Price growth seems poised to maintain a steady, balanced pace'
74% of homeowners and renters struggle to afford monthly payments
Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.
Affordability is improving, the National Association of Realtors reports
CAR expects home prices to soften as inventory rises and competition cools
Fannie Mae says boost to popular index arrived prior to recent jump in mortgage rates to 7%