ferrantraite/Getty ImagesReal-estate investors shared their predictions for 2025 and top advice.One investor says to think long-term and don't expect interest rates to drop.Another says to spot opportunities by looking at 'days on market' on a listing.Experienced real-estate investors don't expect mortgage rates to drop significantly in 2025, but they tend to agree that it could be an excellent year to invest in a property.Arguably, any year is a good time to dip your toe in if you're financially prepared."Some of the best advice I can give somebody is just understand that you can never perfectly time anything," said Matt Laricy, a Chicago-based investor and agent who has done over $1 billion in sales and closed thousands of deals.His advice applies to prospective homeowners, as well: "You have to live somewhere, so is it really worth waiting one or two years to maybe get it for 10% less, but in the meantime, you spend 20% more on rent?
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kelkins@businessinsider.com (Kathleen Elkins), Business Insider
Tue, 12/31/2024 - 2:00am
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