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Real Estate Market Trends (2024-2025)

Current real estate market data, year-over-year changes, and 2025 forecasts. Updated monthly. Free for agents, investors, and home buyers.

MetricCurrentLast YearChange
30-Yr Mortgage Rate6.85%7.63%↓ -0.78%
15-Yr Mortgage Rate6.12%6.91%↓ -0.79%
Median US Home Price$416,900$408,300↑ +2.1%
Months of Inventory3.52.9↑ +0.6
Avg Days on Market5248↑ +4
First-Time Buyer Share32%29%↑ +3%
Investor Purchase Share17%20%↓ -3%
Cash Buyer Share28%31%↓ -3%
Median Rent (US)$1,985$1,952↑ +1.7%
Rental Vacancy Rate6.3%6.5%↓ -0.2%
New Construction Starts1.42M1.38M↑ +2.9%
Fed Funds Rate5.50%5.50%→ 0.0%

2025 Bull Case

  • ✅ Fed cuts 100-150bps → mortgage rates fall to 5.5-6.0%
  • ✅ Lock-in effect eases → inventory rises 20-30%
  • ✅ First-time buyers return in force (35%+ market share)
  • ✅ Home prices grow 3-4% (modest, sustainable)
  • ✅ New construction rebounds (+5-8%)

2025 Bear Case

  • ⚠️ Inflation sticky → Fed pauses cuts
  • ⚠️ Mortgage rates stay 6.5-7.0%
  • ⚠️ Affordability remains stretched (35% of income)
  • ⚠️ Home prices flat or -1-2% in some markets
  • ⚠️ Recession risk → buyer confidence falls

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