The US real-estate market is bound to have a better year in 2025 after a historically horrible stretch for housing affordability, but those looking for major improvements may be disappointed.
Entry-level home affordability reached a 40-year low last year, according to data compiled by Zelman & Associates, the real-estate research firm led by famed analyst Ivy Zelman.
Younger generations who didn’t already own property had it toughest. First-time homebuyers made up less than a quarter of purchases, Realtor.com found — the lowest rate since 1981. Housing analysts are likely sick of references to the 1980s, which was one of the toughest times on record for home affordability.
The new year often brings optimism, and 2025 is no different for those hoping to buy a house.
But it may be best to stay patient, based on year-ahead projections from Zelman and her team. Their estimates for mortgage rates, home sales, prices, and supply in a January report indicate that the year ahead will be better in many ways than 2024.
Eight charts from Zelman’s report showing what’s next for US real estate, which includes the housing and rental markets are included in the article.
Full article is available at: https://www.businessinsider.com/real-estate-2025-