Zillow housing price predictions for 2025 NBC 6 South Florida [Video]

Recent interest rate reductions have caused many people to consider purchasing a home. According to the real estate information company Zillow, that trend will continue in the new year. 

Here are the predictions from experts who keep their eye on the real estate market: 

The Federal Reserve reduced the interest rate 3 consecutive times in 2024, but what will 2025 be like?

Marta Rey Babarro, the VP of Research/Insights at Zillow said: “We are going to see variability in those mortgages, it’s not going to be complete smooth sailing throughout the entire year.”

“When mortgage rates go down, we see more people accessing new homes and more homes in the market.”

According to experts at Zillow, during 2025 more single-family homes will enter the market than we have seen in the last five decades.

But why?

“During the pandemic there was a huge boom from construction companies on making new homes, those …