AdvertisementThe US housing market will keep shifting in 2025, according to Zillow.
Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said.
Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says.
In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic.
Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.
Persons:
Zillow, Freddie Mac, Skylar Olsen, Olsen, there's
Organizations:
National Association of Realtors