“If the housing market were going to crash, it would have already crashed by now,” said Daryl Fairweather, chief economist at Redfin. “The housing market has been so resilient to interest rates going up as high as they have.”Here are five housing market predictions for 2025, according to Fairweather and other economists. If fewer homes are built in a supply-constrained market, prices might grow much higher, said Channel. More than 21 million renter households are “cost-burdened,” meaning they spent more than 30% of their income on housing costs, according to 2023 U.S. Census data. “Rent prices typically decline in the colder months of the year,” as fewer people are apartment hunting in the late fall and winter seasons.

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Persons: Redfin, ”, Daryl Fairweather, Fairweather, Selma Hepp, Donald Trump, Jacob Channel, ” Redfin’s Fairweather, “, Hepp, CoreLogic, Donald Trump’s, ” Jessica Lautz, ” Fairweather, CoreLogic’s, “ We’ll, Redfin’s Fairweather, What’s, Milton Organizations: U.S, Redfin, LendingTree, ”, D.C, LendingTree’s, National Association of Realtors, CNBC, “ Locations: U.S, Austin , Texas, Seattle , Washington, New York City, Florida , California, Texas, California, Florida, Asheville , North Carolina