Corelogic’s NEW 2025 Housing Market Forecast

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Thank you

Vegas is gaining momentum with movie studios being built there ; it is becoming the Hollywood; also a lot of businesses including a huge in n out hamburger is going in and music artists have put their restaurants/bars there ; a great state to do business in with their state laws

I live in Utah and can tell you the housing market has been declining for months. The culture in Utah is undesirable and the state has allowed way too much new construction homes with minimal regulations. Since this is a Buyer's Beware State, contractors have thrown up homes quickly knowing they will not be held accountable for the poor construction. During the pandemic Utah was a great place to live since there were no mandates of any kind which attracted so many out of state people to move into the state. Houses were overpriced and were selling quickly during the pandemic. Now the market has a plethora of new construction poorly built homes (but they looks beautiful to the potential buyer.). New and existing homes are sitting for a long time with very few showings and many price reductions. I have had my house for sale for over 3 months and it is in turn key, immaculate condition. I cannot wait to leave this state and I will never return.

A lot of houses were suddenly taken off the market in NJ a few weeks ago, and the total amount of houses available for sale sharply dropped. I'm not surprised that NJ prices are shooting up right now.

I live in Utah homes here are overpriced the pay and housing prices don’t make sense. With many homes staying on the market longer I’ve seen prices go down or offers canceled.

Heads up jason sound quality is bad.

Any hope for Suburban Chicago housing market

T I M B E R 💥

There are overwhelming computer science graduates since last year. No many jobs! On top of it a staggering living expense. I expect less demand would make a housing glut.

Consider that the inflation rate is probably HIGHER than the appreciation.

Market wide we will see at least another 5% increase in median price.
Making this comment to look at in a year.

Because the Boston Market average home price is 623k AND increasing..you can get the SAME HOUSE by going 30 miles north to New Hampshire on 2 acre lot for 500k. As a result New Hampshire prices are now increasing
Prices show no sign of decline for either 2024 or 2025.
First time homebuyers are priced out of MA and priced out of all of Southern NH in Dec 2024

We’re ready for your monthly housing update for Florida! 🎉

A lot of people have pulled their homes off the market. Can't wait to see what the spring looks like.

I live in the Provo metro and work in the Salt Lake metro, and the Corelogic findings don't surprise me. Many houses will sit for months without selling, while there is lots of new construction going up which typically sells for less than the pre-existing homes. Back in Sept when national rates hit 6.1% lenders here were advertising 5.5-5.6%, but now I believe rates here are the same as they are nationally. The houses that do sell will frequently sell for close to 3x what they sold for between 2010-2012, while median prices rose approx 65% between Mar 2020 and Mar 2022, and are currently comparable to 2022 prices. Median family income in Utah is close to the national average despite median home prices being ~$100k (even more for single family homes) above the national average in both the Provo and SLC metros. I recall that previously there was a housing deficit of ~56-57k homes (fueling big price increases pre pandemic), and last I heard that deficit had shrunk to ~30-31k, while I personally feel like fewer CA transplants are moving here now that the pandemic is over. When you also consider that inventory is above 2019 levels it is a snowball of deflationary conditions that the two markets can't handle relative to prices, weakening demand, the low relative wages of people living here, and increasing inventory.