January 21, 2025
If you read all the predictions for 2025, it seems as if we are expecting 2024 to happen all over again. Interest rates are supposed to go down, but they are likely to move slowly. The economy is supposed to slow down, but it is continuing to hold on in growth mode. Real estate inventory is supposed to continue to increase, but many are still holding onto their homes for dear life. Real estate sales are supposed to pick up due to rising inventory, but the increase is predicted to be modest.
We do now have a new President with the passing of the inauguration, and this has the potential to bring major changes. However, the Administration’s slim majority in Congress means that change may come slower than expected in some areas. And some are worried that enacting all the campaign promises may lead to additional pressure on inflation, which does not bode well for lower interest rates.
Here is the good news. Predictions and warnings are typically not on point. Predicting major changes in the markets takes courage and it is easier to predict incremental movements from year-to-year. We are not guaranteeing what markets will turn – nor in which direction, but the potential for major changes is present and cannot be ignored. Interest rates moving down more quickly than predicted would be a good start. But we understand that rates moving down too quickly could ignite housing inflation. Thus, 2025 could be a balancing act.
Source: Origination Pro
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