Were We Wrong About the Housing Market? (+ 2025 Predictions)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 27 December 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well! Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth! In This Episode We Cover: Updated 2025 housing market predictions and where home prices and mortgage rates could go How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!) Real estate markets that have the most investment potential in 2025 Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation Did we ever actually make it into recession territory in 2024? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Check Out "On the Market" Grab James’ New Book “The House Flipping Framework” Find Investor-Friendly Lenders 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities Connect with Dave and Our Panel of Expert Guests: Dave Meyer Henry Washington James Dainard Kathy Fettke (00:00) Intro (04:10) Zillow's 2024 Predictions (13:05) Home Prices (16:06) Recession Risk (17:56) Mortgage Rates (18:56) Best Markets to Invest (21:36) 2025 Home Price Predictions (25:19) 2025 Mortgage Rate Predictions Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1062 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, what's up, everyone? It's Dave here, wishing you and your family a very happy holiday season from everyone here at Bigger Pockets.
0:12.8	As we wrap up the year, we are resharing some of our favorite podcast episodes of 2024 on the feed,
0:18.9	and today's show comes from our sister podcast on the market.
0:23.6	I often refer to On the Market as a sister show to this podcast because it is very complimentary.
0:29.9	We talk about all sorts of great real estate topics, tactics, strategies here.
0:34.3	But on the market is where me, Henry Washington, James Danard, and Kathy Fecki
0:38.9	basically just nerd out and talk about real estate news and economics. And if that sounds
0:44.1	like fun to you, you can find On the Market on your podcast feed or on YouTube. Wherever
0:49.4	you listen, make sure to hit that subscribe button. Today's episode that we're sharing with you is one that we published on the
0:55.8	on the market feed about a month ago.
0:58.4	And what we did was we looked back at our real estate predictions for 2024 to check
1:03.7	what came true, to call out some of the mistakes we made.
1:06.9	And we also made some new predictions for 2025.
1:10.7	So if you want to hear what James, Kathy Henry and I think is going to happen with interest
1:15.3	rates or want to hear a few of the markets we think are going to heat up, just keep listening.
1:19.6	In this episode, we even got James to finally go on the record and make some real predictions
1:24.5	for the coming year.
1:26.3	As for this podcast, I will be back with new episodes in January, but for now, here's
1:31.3	on the market.
1:32.9	A year ago, we made some bold declarations about what would happen in the housing market
1:37.1	in 2024.
1:38.9	And today, we're going to talk about what we were wrong about, what we were right about,
	...

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