What are the predictions for housing affordability in 2025?
What are the predictions for housing affordability in 2025?
Housing affordability in 2025 will largely depend on economic factors like interest rates, inflation, and wage growth. Experts predict that if mortgage rates remain elevated, affordability could remain a challenge for many buyers. With housing prices expected to rise steadily in some areas, combined with limited housing inventory, first-time homebuyers may struggle to enter the market. However, some regions may see more affordable conditions due to slower price growth or regional economic shifts. Additionally, government interventions, like affordable housing initiatives, could help balance the demand-supply equation and improve affordability in select markets.