Skylar Olsen, Zillow's chief economist, highlighted that 'more inventory should shake loose in 2025, giving buyers a bit more room to breathe,' indicating an evolving market dynamics.
Zillow forecasts that in 2025, home prices will grow by 2.6% and there will be 4.3 million existing-home sales, with trends showing buyers opting for smaller homes.
The uncertainty surrounding mortgage rates and Trump's proposed tariffs could hinder the housing market recovery and complicate affordability for potential buyers.
Amidst changing market conditions, Americans are 'embracing coziness,' which reflects a shift in buyer preferences as affordability challenges persist in the housing market.
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