Brought to you by the Every Dollar app. Start budgeting for free today. So Rachel, there's a lot going on

with the housing market. We're seeing some trends. You've got some input on it. So I'm going to let you take

this and drive it on home. Yes. There's, yeah, I would say good towards the consumer when it

comes to mortgages. So we are seeing a trend

that mortgage rates are going down and they're expected to keep dropping in 2025. So rates on a

30-year fixed rate mortgage fell to 6.12% in late of 24 and they keep decreasing. And they're

not going to go back to, you know, two to three percent rates like they had pre-pandemic, which was beautiful. Yeah. It're not going to go back to you know two to three percent rates like

they had pre-pandemic which was beautiful yeah it's not coming anytime soon but again we're

continuing to see it drop which we love um housing prices they're staying pretty steady and again

they might level off but with the low inventory it's kind of keeping that stable. And so they're not

going to expectantly, like, drop drastically. So it's still this idea if you're on the sidelines and

you're ready to buy a house. This whole idea of like, oh, there's a bubble. It's going to pop. I'm

going to get a great deal. It's probably not going to happen. They are pretty consistent.

And the federal home loan mortgage corporation even predicts modest price growth in 2025.

So values will continue to rise.

Inventory is slowing.

So inventory grew 29.2% in 2024 compared to the previous year.

Now, it is still below average or pre-pandemic levels.

And more homes are on the market to give buyers

more options.

And sellers still have the upper hand in most areas as demand.

Little by little is getting better.

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