“Dramatic” mortgage rate movements are destined to play a major role in the coming year, according to Zillow‘s newest forecast, which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of déjà vu on tap for 2025. We are once again expecting…
"December 16, 2024" Archives
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Homeowners have generally done well over the last few years in accumulating home equity wealth. Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5 trillion. Adding homeowners without a mortgage,…
As the new year inches closer, so does a likely ban on TikTok in the U.S., which awaits a decision by the Supreme Court to determine its fate. On Friday, the U.S. Court of Appeals for the District of Columbia denied the ByteDance-owned app’s request to freeze a law that requires the company to sell…
Realtor.com’s annual Housing Forecast offers data-driven predictions and trends for 2025, providing real estate professionals with key insights into the evolving market at both macro and micro levels.