Higher prices, little mortgage rate relief for homebuyers in 2025

The video discusses the current housing crisis, highlighting low turnover rates and challenges faced by families like Scott Holt's in finding affordable homes. Predictions for 2025 indicate rising home prices and stable mortgage rates. Zillow's new tool, Buy Ability, helps buyers navigate listings with real-time rates. Regional markets like Boise and Austin are seeing inventory growth. A balanced market is anticipated by 2025, with potential political impacts on rates.

What is the current turnover rate of homes according to Redfin?

• 6.3%

• 3.7%

• 2.4%

• 5.0%

What is the expected rate of increase in home prices for 2025?

• 12%

• 6.3%

• 3.7%

• 2.4%

What is the predicted mortgage rate at the start of 2025 according to realtor.com?

• 5.0%

• 6.3%

• 8.5%

• 7.0%

What is the purpose of Zillow's new tool, Buy Ability?

• To increase home inventory

• To predict future home prices

• To filter home listings based on real-time rates

• To lower interest rates

Which regions are experiencing growing inventory levels according to the transcript?

• New York, NY

• Boise, ID

• Los Angeles, CA

• Miami, FL