1028 ET - Mortgage rates are once again in the spotlight as 2025 approaches. Zillow is predicting a more active housing market in 2025, with more buyers gaining the upper hand. But those hoping to buy--or even refinance--should be ready for a bumpy ride. More inventory should become available in 2025, Zillow says, giving buyers a bit more room to breathe. Expect to see more sales and only modest home value growth in 2025 as the market slowly becomes unstuck. Zillow forecasts 2.6% home value growth in 2025, a relatively slow pace that is similar to 2024. For existing home sales, Zillow forecasts 4.3 million in the coming year, up slightly from a projected 4 million in 2024. Buyers should expect more homes on the market, meaning more time to consider their options and more leverage in negotiations. (chris.wack@wsj.com)
(END) Dow Jones Newswires
November 25, 2024 10:28 ET (15:28 GMT)
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