Buying a Home in 2025: What to Know About the Real-Estate Market

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 30 March 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

High mortgage rates, low inventory and unaffordable prices have left a lot of prospective home-buyers on the sidelines again this year. In the first installment of our special series, “Buying a Home in 2025: Navigating the Crunch,” host Ariana Aspuru explores the challenges of today’s real estate market. She’s joined by Wall Street Journal reporter Veronica Dagher and Zillow’s senior economist Orphe Divounguy, who will provide insights on what buyers can expect in 2025 like the rising cost of home insurance, stubborn inflation, and if mortgage rates will fall. Plus, we break down how the National Association of Realtors settlement has changed the homebuying process. Additional episodes of the series drop on Sundays in April. Sign up for the WSJ's free Markets A.M. newsletter . Further Reading: This 4-Bedroom Ranch in N.J. Tells You Everything About the Lopsided Housing Market Home Buyers Are Finally Getting the Upper Hand Again One House, Three Owners: The Ballooning Cost of the American Dream Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello Blue Skies. Hello moving onwards and upwards. Hello, taking control of your money. Say hello to tax-free investing. Open a Stocks and Shares ICER and act by the 5th of April to get 100 to 3,000 pounds cashback. Cargreaves lands down. Hello Life. Register and add or transfer 10,000 pounds plus. You may get back less than you invests, and tax benefits vary.
0:26.6	For terms and conditions, see hl.com.uk.org slash ICER. We actually thought it would be relatively easy, but here we are, and it's not.
0:38.2	Five months and nine offers in, first-time homebuyers Scott Pear and his wife, Michelle,
0:43.5	were anxious about their search.
0:46.3	This is the bonus room.
0:49.7	They currently live in a two-bedroom apartment in New York City, along with their one-year-old
0:53.9	son and 25-pound Australian Labradoodle.
0:57.3	But they're planning a move to New Jersey before their lease ends this summer.
1:01.6	My wife and I have been smart about our savings, and we always knew we wanted to make a purchase on a home, and that requires a big down payment.
1:07.3	So we're fortunate to be able to do that, although are we?
1:09.8	Because we actually
1:10.9	can't even do it if we wanted to right now. And we always thought, well, once you save up,
1:14.4	then you're good. And then you'll get something. It's just not the case anymore.
1:22.5	Here's your money briefing for Sunday, March 30th. I'm Adriana Aspuru for the Wall Street Journal,
1:28.2	and this is the first installment of our three-part series, buying a home in 2025, navigating
1:34.4	the crunch. Our loyal YMB listeners might remember that around springtime, each of the past two
1:40.7	years, we've taken a look at the housing market and what it takes to buy
1:44.1	a home.
1:45.1	In 2023,
1:46.3	Foreclosures have hit certain people, and then not to mention the fact that home prices
1:52.0	themselves have become so out of reach, frankly, for a lot of folks.
1:57.0	And in 2024, we may eventually see those lower mortgage rates later in this year or early next year.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.