2025 Mortage Rate Forecast!
As we gear up for 2025, mortgage rate forecasts are giving us a clearer picture of what to expect. According to BAM’s latest report, 2025 mortgage rates are projected to range widely. HousingWire projects rates ranging from 5.75% to 7.25%, offering a cautious outlook with one of the highest average predictions at 6.5%. National Association of Realtors (NAR) forecasts the lowest average rate at 5.9%, giving buyers a reason to stay optimistic. Bright MLS suggests rates will hover "above 6%." Zillow and Freddie Mac anticipate a gradual decline, signaling potential long-term relief for buyers. Goldman Sachs predicts an end-of-year rate of 6.1%, slightly below the average estimates. With some forecasts predicting a gradual decline, waiting for rates to drop could be a strategy, but keep in mind that competition for homes might increase as affordability improves. If you’re considering buying now, locking in a rate before potential increases (as HousingWire suggests) could be a smart move. Higher rates (like HousingWire's 7.25% peak) might push buyers to act sooner rather than later, creating urgency in the market. If rates begin to decline, buyer demand could surge, offering sellers the chance to negotiate favorable terms. The real estate market is always shifting, but staying informed helps you make the best decisions for your goals. Whether you’re buying, selling, or just planning, I’m here to guide you through every step of the journey. Let’s chat and explore your options in today’s market! Check out our Beautiful Listings at https://davesalaskahomes.com/featured-listingSearch for homes easily at https://davesalaskahomes.com/listingGet your home’s estimated value instantly at https://davesalaskahomes.com/evaluation If you or anyone you know has ANY thoughts of buying or selling real estate, lets connect to talk about the opportunities available in our market and how to reach your goals. LET US BE YOUR TRUSTED GUIDE Call or text Dave now at 907-863-7289Call or text Travis now at 907-575-6779 davesalaskahomes@gmail.com http://www.DavesAlaskaHomes. com
2025 Real Estate Market Forecast!
The real estate market is shaping up to be an exciting opportunity in 2025! Based on data from BAM, here’s what the year ahead could mean for you, whether you’re buying, selling, or exploring your options. Inventory on the Rise Experts like Realtor.com, Bright MLS, and HousingWire predict a significant 11.7% to 13% increase in inventory this coming year. What This Means for Buyers: More options to choose from! If you’ve been waiting to find your dream home, 2025 could be the year to make your move. What This Means for Sellers: While competition might increase, properly priced and staged homes will still attract serious buyers. This is the perfect time to work with an experienced team (like us!) to position your home right. Home Prices Steady and Growing Home prices are forecasted to grow between +1.5% to +4.9%, with Wells Fargo leading the optimistic outlook. For Buyers: This steady growth means homeownership is still a solid investment. Lock in your purchase sooner to take advantage of current rates before prices rise further. For Sellers: Rising prices can mean increased equity in your home. Selling in 2025 could offer strong returns! Home Sales Forecast Existing home sales are expected to range from 4.07M to 4.47M, showing a balanced and active market. For Buyers: An active market means opportunities for finding the right home. Be prepared with pre-approval to act fast when the perfect listing comes along! For Sellers: With steady demand, buyers will still be eager to purchase well-maintained, competitively priced homes. Let’s talk strategy to make your property stand out. Affordability & Relevance The combination of increased inventory, steady price growth, and active sales means affordability will play a key role in 2025. For buyers, this is your opportunity to explore your options with fewer bidding wars. For sellers, understanding buyer affordability will help position your home effectively in the market. At Dave’s Alaska Homes, we’re here to guide you every step of the way. Whether you’re planning to buy, sell, or just explore your options, let’s connect and make 2025 your best year yet! Check out our Beautiful Listings at https://davesalaskahomes.com/featured-listingSearch for homes easily at https://davesalaskahomes.com/listingGet your home’s estimated value instantly at https://davesalaskahomes.com/evaluation If you or anyone you know has ANY thoughts of buying or selling real estate, lets connect to talk about the opportunities available in our market and how to reach your goals. LET US BE YOUR TRUSTED GUIDE Call or text Dave now at 907-863-7289Call or text Travis now at 907-575-6779 davesalaskahomes@gmail.com http://www.DavesAlaskaHomes. com
December Real Estate Market Update From Dave and Travis!
Matsu Valley Real Estate Market Update! The latest numbers are in!Let’s break down the Mat-Su Valley "CORE" residential market for you. ANY QUESTIONS OR COMMENTS PLEASE JUST ASK! Year-Over-Year ChangesThe number of active listings has climbed to 341 this year, up from 260 in 2023. At the same time, pending sales have dipped slightly to 200 from 213 last year. The ratio of pending sales to active listings now stands at 59%, reflecting a balanced market compared to the ultra-competitive 203% we saw in 2020.Price TrendsHome prices continue to climb. The average sales price in December 2024 hit $426,000, a 3.4% increase from $412,000 last year.Sales ActivityTotal closed sales have stabilized this year at 1,371, just slightly down from 1,380 in 2023. Compare this to the peak in 2021 when 1,992 homes were sold—the market has normalized after the pandemic-fueled frenzy.AffordabilityWhile prices are rising, affordability remains an issue for many buyers. Mortgage interest rates are expected to continue downward momentum but it will be slow. 2025 should see rates in the 6% range but who really knows!Key TakeawaysFor Buyers:With more active listings, you have more room to shop and negotiate. Jump in now to secure your spot before prices climb further.For Sellers:The market is still strong, but buyers have more options. Pricing competitively and strong presentation is essential to attract offers quickly.As always, we are here to help you navigate these trends and find your perfect match—whether you’re buying or selling. Give me a call today, and let’s make your real estate goals a reality! EXCITING NEWS FOR HOMEBUYERS: $10,000 Rebates for New Home Construction! Starting January 2, 2025, the Alaska Housing Finance Corporation (AHFC) is again offering $10,000 rebates for newly constructed, energy-efficient homes.This is a great program that was very popular when they offered it in the past. I had a number of buyers take advantage and the $10,000 comes in very handy and really helps with affordability. And you have a very energy efficient home!Why This Matters to You?Save Big: $10,000 rebate for eligible homes.Energy-Efficient Living: Homes must meet a 5-star plus energy rating.Flexible Options: Single-family, duplexes, triplexes, and fourplexes qualify!Funds are limited, so don’t wait—apply early and secure your rebate!Click the link below to learn moreOrHave questions?Let Dave’s Alaska Homes guide you through the process. FEATURED LISTINGS This week’s featured listing is a testament to the power of teamwork and expertise!We’ve faced a few unexpected challenges with this one, specifically with the appraisal process—something I haven’t seen in over 20 years! Despite the hiccups we were able to close the home sale and the lot next door to the happy buyer. I want to give a huge shoutout to Mike McGaughey, my amazing seller. It’s been an absolute pleasure working with him, and we’re excited for his new journey in Texas with his adorable puppy. This property was under contract quickly, but took a couple weeks more to close due to lender-appraiser issues which caused stress.We thank you for the wonderful review!Dave put the For Sale sign in my front yard and 4 different families visited the home. Two of them placed Bids on the home and they were both higher than the listing price. The home sold to a very Happy Family! Dave’s expertise came into play when a slight stall occurred and the closing took place! I highly recommend Dave Johnson to represent you in the sale or purchase of a home!!! - - Michael McGaughey (Google 11/25/2024) - Check out our Beautiful Listings at https://davesalaskahomes.com/featured-listingSearch for homes easily at https://davesalaskahomes.com/listingGet your home’s estimated value instantly at https://davesalaskahomes.com/evaluation If you or anyone you know has ANY thoughts of buying or selling real estate, lets connect to talk about the opportunities available in our market and how to reach your goals. LET US BE YOUR TRUSTED GUIDE Call or text Dave now at 907-863-7289Call or text Travis now at 907-575-6779 davesalaskahomes@gmail.com http://www.DavesAlaskaHomes. com
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