Redfin: An expected pullback by the end of 2025 marks a sharp reversal from more than a decade of mostly rising prices
HousingWire –
U.S. home prices are projected to flatten in the third quarter and decline 1% year over year by the fourth quarter of 2025, according to a new report from Redfin.
The company also expects mortgage rates to remain elevated near 7% through the end of the year.
This marks a sharp reversal from more than a decade of mostly rising prices. Except for a brief dip in 2023, home prices have increased on a yearly basis since 2012, driven by a prolonged seller’s market…