Is 2025 the year to move house? Learn more with us!
2025 is a year opening up with new possibilities. It’s a year to look forward to all the great things that will happen amid inevitable challenges. Two of the top questions people are asking are, “Is 2025 a good year to buy a house?” and “Is 2025 a good year to get married?” While we can’t answer the second question, we can definitely give you pointers on the first.
The National Overview
Rising House Prices
Sources such as the U.S. News & World Report and CoreLogic agree that we are likely to see house prices rise over the next couple of years, perhaps about 2-3% per year. If you believe the prices will rise significantly, now could be a good time to buy a house.
Slightly Lowering Mortgage Rates
Meanwhile, mortgage rates are expected to remain high but keep decreasing. It will certainly help balance out the monthly payments if the price increases and encourage more people to sell their homes, which is good news for you.
Increasing Housing Inventory
With more people willing to sell their homes, you will have more options and less competition. It will give house hunters a little more breathing room when searching for the perfect home. New construction is also a possibility and will remain a popular alternative.
Get Local Real Estate Insights
This review may be the case nationally, but the measurements may skew in your local area. The real estate market could look different in your area versus the nation overall. That is why it matters to get insights from local real estate agents who have a better grasp on the market’s direction.
Consider Personal Factors
No matter how the real estate market is doing, personal factors will influence how soon you buy a house. Are you getting married, outgrowing your home, moving for a job, or want to live independently? Do you have enough savings for a downpayment and a monthly income that will allow you to afford a mortgage? If you are not sure what you can afford or if you are interested in buying a house in 2025, Clagett Enterprises is here to help in Frederick, MD.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.