3 things homebuyers should look out for in 2025: Coldwell Banker CEO
Coldwell Banker CEO Kamini Lane has joined Wealth!Lane explains three things homebuyers need to keep in mind for the remainder of 2024 and into 2025. First, we explain that homebuyers should be wary of the Federal Reserve’s interest rate cuts. The Fed began its rate cut cycle by cutting rates by 50 basis points at its September meeting. The next interest rate decision will be in November. Next, she emphasizes the importance of inventory. He notes that the U.S. housing market has historically had low inventory, which “exacerbates” affordability issues. As more inventory comes to market, pricing pressures should ease: “More inventory equals more choice and more affordability.” Finally, she sees an increased likelihood that buyers will have more power at the negotiation table. “Once you start getting more days on the market and you start to see the potential for the market to shift to a buyer’s market, it’s because it’s been a seller’s market all along.” As it has been for the past few years, buyers have more possibilities at the negotiation table. It will have more power and power. “We don’t know yet, but I think it’s an interesting prospect to keep an eye on,” Lane added. For more expert insights and the latest market trends, click here to watch the full episode of Wealth. This post was written by Melanie Leal
