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.
Similar Stories to It's Looking To Be Another Brutal Year For Weary Homebuyers As 2025 Kicks Off on Bing News
fdemott@insider.com (Filip De Mott), Business Insider
Wed, 01/15/2025 - 11:32am
Topics: phillip spears/getty imageshomebuyers fannie mae's mark palim fannie mae's home price index fannie maedifficult us inventories mark palim fannie mae federal reserve treasury u.s joel kan mortgage bankers association january oxford economicspalim business insider fannie mae's palim fed oxford economics year rates supply sale homes affordability rate existing remain lock-in effect needed housing market sales borrowing high demand exacerbating higher prices weeks purchase tight put fourth decline faces factors act balancing house growth yields move quarter previous rose level outlook vice costs cuts president noted week
BING NEWS:
- It's looking to be another brutal year for weary homebuyers as 2025 kicks off
The 30-year mortgage rate topped 7% this week. Inventory, meanwhile, is tight. Buyers should expect any dip in mortgage rates to be met by a jump in demand.
01/15/2025 - 5:34 am | View Link - Good news for homebuyers in 2025
Here's what prospective homebuyers can expect in 2025. The 2024 U.S. housing market marked one of the slowest years in decades. Ralph McLaughlin, senior economist at Realtor.com joined TheStree t to ...
01/12/2025 - 6:00 am | View Link - Here's how single women are successfully navigating an otherwise brutal market for first-time homebuyers
Despite a gender wage gap and high home prices, single women are outperforming in the housing market.
01/12/2025 - 4:40 am | View Link - Younger millennials and older Gen Zers were wise to not buy homes last year — but 2025 may be much different
Millennials and Gen Zers made the right call by not buying homes last year as mortgage rates wreaked havoc. Here's what's set to change in 2025.
01/9/2025 - 4:50 am | View Link - Was it easier for Americans to afford a home last year?
Housing affordability didn't get worse in 2024, for the first time in four years. But Americans still need to make a lot more than the typical salary to afford a home.
01/6/2025 - 9:56 am | View Link - More
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