December 4, 2024 - 19:40
Realtor.com chief economist Danielle Hale recently shared her insights on the evolving real estate landscape, emphasizing the significance of additional housing inventory in achieving a more balanced market. According to Hale, the influx of available homes is expected to ease the pressure on buyers, creating a more favorable environment for those looking to purchase.
In her analysis, Hale highlighted key indicators that will shape the housing market in 2025. She discussed the advantages and disadvantages of buying versus renting properties, noting that while purchasing a home can build equity and provide stability, renting offers flexibility and lower upfront costs.
Hale's outlook suggests that as housing inventory increases, prospective buyers may find more options and potentially lower prices, while renters may benefit from a more competitive rental market. This shift could lead to a healthier balance between supply and demand, ultimately benefiting both buyers and renters in the long run. The evolving dynamics of the real estate market will be closely watched as we move forward.
