Should You Buy Home in 2025?

[@charmmorningstar7530]

I just bought my 2nd home at the age of 33 and I am closing on Jan 10, 2025. I got conventional loan, 6.5 % interest rate but it's okay. I can refinance later. I am putting $45k downpayment, so I can lower my monthly payment. I like investing in real estate and I don't regret having two mortgages, my 1st home will be my first rental property. For the past 5 yrs of being a homeowner, I built about $150k of equity with my first home.

[@vermonteconomicrealtor]

Congratulations! That’s amazing. Holding on to your first property is a great decision. It’ll pay off in the years to come. Wishing you all the best at the new home

[@brianongteco3536]

Buy if u can now

[@vermonteconomicrealtor]

Completely agree

[@humormewithspecifics]

Is it a good time to sell and buy? I may need to move for work.

[@vermonteconomicrealtor]

Depends on the market. Interest rates have increased quite a bit which has slowed the market nationally. If you can put yourself in a position where you're not in a rush to buy, that will allow you to submit a handful of offers under list price to try to get a good deal.

[@humormewithspecifics]

@vermonteconomicrealtor Great Thank you for the feedback. I haven't seen many recent videos on sell/buy due to a move. I may need to close twice in one day. Cool topic to consider.

[@vermonteconomicrealtor]

That's a great idea. I've done 4 of those transactions this past year. Definitely possible in the current market.