Phillip Spears/Getty ImagesHomebuyers are still facing an affordability challenge in 2025.Mortgage rates topped 7%, while price growth jumped in the fourth quarter."The housing market in 2025 faces a difficult balancing act," Fannie Mae's Mark Palim said.US homebuyers are going to have to gird themselves for another tough year of navigating a tight housing market.After restrictive mortgage rates and soaring prices put off house hunters in 2024, the affordability picture isn't brightening as 2025 unfolds.