Current Housing Market Snapshot 2025 has brought some notable shifts in the housing market: - Mortgage Rates Stabilizing: Hovering around 6.5-7%, lower than peak 2023. - Inventory Increasing: More homes on the market. - Price Growth Slowing: Now at around 3-4%. - More Negotiation Power for Buyers: Sellers are offering price cuts and concessions. Why 2025 Could Be a Good Year to Buy Advantages for buyers in 2025: - More Homes Available: Listings up 30%+ year-over-year. - Prices Are Leveling Out: Some areas seeing price drops. - Longer Time on Market: Homes staying listed longer. - Flexible Sellers: Willing to negotiate on price and terms. What You Should Still Watch Out For Challenges remain in 2025: - Mortgage Rates Are Still High: 6.5-7% means higher payments. - Affordability Remains Tight: Many spend over 30% income on housing. - First-Time Buyers Struggle: Fewer entry-level homes. - Local Market Differences: Some cities remain competitive. Market Summary: 2025 Trends at a Glanc...