March 3rd, 2025 - Changing Housing Market Update - 316

How to Buy a Home

David Sidoni

How To, News, Education, Business, Business News, Investing

4.8 • 859 Ratings

🗓️ 3 March 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mortgage rates are dropping, sellers are slashing prices, and pending home sales are hitting record lows. But what does it all mean for first-time homebuyers? In this episode, David dives into the latest housing market trends, breaking down what’s happening with inventory, interest rates, and buyer demand. Should you wait, or is now still the right time to jump in? The answer may surprise you.

Quote:

“A recession sounds scary, but guess what? It could actually be great news for first-time homebuyers. Why? Because when the economy slows, mortgage rates tend to drop—and that’s your opportunity to pounce.”

Highlights:

Is the market slowing down? Why pending home sales just hit a record low.
Mortgage rates dipped—so what now? Are we in for a rate drop or more volatility?
Sellers are cutting prices! What that means for you as a buyer.
The “window of opportunity” might be staying open longer. How to take advantage before competition ramps up.
Inventory is rising—but is it enough? The truth behind housing supply and what it means for affordability.
Crash or correction? Why low inventory keeps home prices from collapsing.
Two possible scenarios for 2025: A frozen market or a rate-driven buying frenzy—either way, buyers need to be prepared.

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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.

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Transcript

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0:00.0	What's up, homies? Well, if you've been waiting for a new market update, you pick the right
0:04.8	time because my friends, the tides are a shift in and there's new numbers out there. Mortgage rates
0:10.5	just hit a two-month low. Pending home sales, they're also at an all-time low. And sellers are
0:16.9	slashing prices at record levels. And inventory is finally creeping up. Of course, it's not enough,
0:23.4	but it's moving. All this put together, it finally may be looking like things are getting better
0:28.7	for buyers in 2025. But so far, the only thing that we've actually been able to count on for sure
0:34.6	this year is the unpredictability of what's happening. Let's break it down.
0:38.8	How to Buy a Home, Educates, protects, and connects first-time home buyers to local, qualified
0:43.4	realtors specifically for first-time buyers. Whether you're looking for DIY information or personal
0:48.4	step-by-step guidance, how to buy a home is your number one resource for first-time home buyers.
0:53.4	Today, I'm going to be dropping some up-to-the-minute current market data.
0:57.2	And as always, when we analyze the market data, keep in mind, this is just what's happening
1:01.8	right now.
1:02.3	And if things start to look shaky a little bit in the future, I absolutely will let you know.
1:07.6	Now, this is good news for us, but it's not necessarily monumental, like,
1:12.7	let's go ahead and change our whole philosophy and strategy and plan. If something like that
1:18.0	happens, I'll let you know. So take today's data, realize the positive with it, but also some of
1:24.0	this data could be the beginnings of a major shakeup, but we won't know that until the end of the year.
1:29.7	So there's been some interesting headlines in the last week, and when you combine those with the
1:35.6	non-headline data, some underlying things that I've been monitoring here in my nerd cave,
1:42.2	it looks like the big 2025 spring rush on the market. It looks like it might be
1:47.6	getting delayed, postponed, which means that window of opportunity, it might stay open maybe past
	...

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