Housing Market Predictions 2025 Kentucky. Mortgage rates will fall—but remain above 6%. Government will encourage cities and states to build more housing;
More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time. Here are zillow’s predictions for the housing market in 2024:
The Spike In Home Prices Has Padded The Net Worth Of Existing Homeowners And Given Them Additional.
The average home value in kentucky is $207,528, up 4.9% over the past year.
Fannie Mae Also Predicts Mortgage Rates Will Fall To 6.7% In 2024 And Even Lower To 6.2% In 2025.
This article will share the latest statewide housing data along with predictions on florida home prices, rates, inventory, and other key market indicators.
As we head into 2024, the economy — and therefore the housing market — faces plenty of headwinds, including inflation and high consumer credit card debt.
In 2025, Prices Are Expected To Rise 3.7%, Compared With The Earlier Forecast Of 2.8%.
The mortgage bankers association recently issued a sunny outlook, predicting rates will fall to about 6% by the end of 2024 and to 5.5% by early 2025.