REDFIN: 10 Epic Predictions For Better 2025

[@jamesoleary1844]

Redfin's 2024 prediction: Inventory "ticks up" while sales increase by 5%. 2024 reality: sales flat (remaining at multi year lows) & inventory up 43%. These are rather large misses.

[@Manausa]

Thanks for sharing your experience @jamesoleary1844, it greatly adds to the video and channel. Hard to argue with your logic. I believe it will come down to rates next year. High fives, I like their forecast. Low sixes, coin toss. But if rates do as they expect, it's hard to see sales growth. Time will tell ...

[@LockedUpLarry]

Really? A robot response to getting drug? Lol.

[@Manausa]

I usually start with a "robot" response because it autofills the username @LockedUpLarry . I don't understand the rest of your point though.

[@CuriousObserver-0152]

That is a "bold" prediction ... prices go up, rates stay high, yet sales increase. That does not make sense to me.

[@Manausa]

Thanks for sharing your opinion @CuriousObserver-0152. Redfin believes there is enough pent-up demand (the result of rate-lock effect) to push sales higher. We'll just have to wait and see ... The spring market will tell us a lot.

[@SimonWaits-ps8di]

It's all about mortgage rates in 2025

[@Manausa]

I appreciate you taking the time to comment @SimonWaits-ps8di, thank you! Agreed.

[@chrispoyner3338]

Thanks for serving as a curator for your viewers Joe. I'd much rather take in the information this way as opposed to combing through Redfin's data myself (Or any of the other various soures youpull data from). I think it all comes down to rates in 2025. Fingers crossed the get into the high 5's and low 6's. If we can live there, I think we'll be alright.

[@Manausa]

@chrispoyner3338 Thanks for the kind words, have a happy holiday season.

[@kajohnson1261]

Agree with the commentary on Generation Z ... I see a lot of them still living with their parents.

[@Manausa]

Thanks for sharing your experience @kajohnson1261, me too. A lot of people my age are parents of Gen Z, and I've had a couple move back home from time to time. It's an expensive world out there ...

[@alicewade6215]

I've heard consolidation coming to the industry for more than 40 years, and it has failed to happen. Many franchises were scooped up by Wall Street, yet the business is still run by independent contractors who control the flow of consumers. I wonder what Redfin believes or if it is just trying to attract attention to their unique business model.

[@Manausa]

Thanks for sharing your experience @alicewade6215, and agreed, I'd like to know more about their consolidation forecast.

[@MaryJones-mm7qk]

How can prices move up when nobody can afford them?

[@Manausa]

That's a good question @MaryJones-mm7qk, I appreciate you taking the time to add to the discussion. There will be more than 4 million homes sold in 2024, so obviously some people can afford them. And with inventory so tight, even today's low demand still favors sellers in most markets.

[@LockedUpLarry]

Bottom priced homes are near record low sales volume. Higher prices luxury homes are being averaged. This is how sales drop, but sales price national averages go up. He knows this. He is a realtor, and a shady one. You can tell

[@Manausa]

@LockedupLarry, you do realize this was 10 predictions made by Redfin, right?

[@TheZeedler]

Maybe inflation will have to get down and stay down around 2% before we'll see mortgage rates fall. If they do fall, I think buyers will push prices up and keep affordability about the same. I'd rather get in with high rates and refi later.

[@Manausa]

Thanks for sharing your opinion, @TheZeedler, I fully concur with the "marry the house, date the rate" sentiment. Many loans these days have a built-in one-time free refinance for when/if rates do come down. Buy at today's prices, not tomorrow's, if you are in most of the areas with supply deficits.

[@Manausa]

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