What's Your Angle?

2024 Real Estate & Mortgage Market Trends and 2025 Predictions

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Eric Bramlett and Max discuss the current state of the real estate and mortgage markets, focusing on insights from 2024 and predictions for 2025. They explore the interplay between mortgage rates, inflation, and the job market, emphasizing the importance of understanding market dynamics and educating clients. The discussion also highlights the challenges faced by the resale market compared to new construction, the impact of economic indicators on housing trends, and the potential for pent-up demand to drive future market recovery. In this conversation, Eric Bramlett discusses the current state of the real estate market, focusing on seller expectations in a low-rate environment, the implications of the NAR settlement, and the evolving role of AI in the industry. He emphasizes the importance of understanding market dynamics, preparing for future conditions, and leveraging basic strategies for success. The discussion also touches on the influence of cryptocurrency on real estate and forecasts growth in outskirt areas of Austin.

Takeaways:

  • The mortgage market has seen improvements compared to 2023.
  • Predictions for 2024 are uncertain, but optimism exists.
  • The Fed's influence on mortgage rates is often misunderstood.
  • New construction is gaining market share over resale properties.
  • The job market's performance is crucial for economic recovery.- Pent-up demand may drive market activity in 2025.
  • Understanding local market dynamics is essential for agents.
  • The lock-in effect is changing as life events occur.
  • Economic indicators like job postings are key to market predictions.
  • Education and strategy are vital for navigating the current market. Clients are frustrated with unreasonable seller expectations.
  • 35% of sellers prefer to stay off the market than sell at a loss.
  • The NAR settlement has not significantly changed commission structures.
  • AI is a powerful tool but should be used realistically.
  • The worst market conditions are likely behind us.
  • Homeownership is a long-term investment; buy when ready.
  • Listings should be pulled off the market during slow seasons.
  • The average homeowner stays in their home for 12 years.
  • Market recovery typically happens from the bottom up.
  • Industry insights are valuable for navigating market changes.


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