“Despite all the noise, from elections to tariffs, we’re back to a rate-driven market,” said Hunt.
Builders Beware: Resale is Back, and the Lock-In Effect is Over
“Despite all the noise, from elections to tariffs, we’re back to a rate-driven market,” said Hunt. “If rates don’t fall, the rest of 2025 will likely continue to mirror 2024.”
Housing forecast: Cooler market ahead
John Hunt, founder and president of the housing and mortgage data provider MarketNsight, said during a biannual market forecast webinar on June 12 that U.S. housing market activity during the second half of the year will likely resemble what was seen 12 months prior, as elevated mortgage rates and high prices continue to stifle homebuyer demand.
Housing, economic experts chart market trends
John Hunt, chief analyst and principal of MarketNsight, said his team’s December 2024 forecast was spot on. Despite tariff and trade turmoil, the housing market remains on par with last year.