The holiday season has been a whirlwind of festive activities here at Real Estate Hub! Our team embraced the spirit with enthusiasm:
• Arts & Crafts Evening: We kicked off with a creative night where team members showcased their artistic talents.
• Cookie Decorating: Hosted by Billie Kouwenhoven at her beautiful home, this event revealed some hidden baking talents. If real estate doesn’t work out, perhaps a bakery is in our future!
• White Elephant Gift Exchange: Our annual gift swap was filled with memorable presents and even more laughter.
• Billings Association of Realtors Christmas Party: A group of us attended this festive gathering, celebrating the season with our peers.
Now let’s get to the really good stuff…
Looking Ahead: Why Now Is a Great Time to Buy or Sell
As we transition into the new year, the real estate market presents promising opportunities for both buyers and sellers. According to the National Association of Realtors (NAR), the 2025 housing market is expected to experience increased activity, with more sales and modest home value growth, indicating a slowly unsticking market.
For Buyers:
• Increased Inventory: An anticipated 11.7% growth in home sale listings means more options to choose from. (Based on national averages)
• Stabilizing Mortgage Rates: While rates have been high, they are expected to stabilize near 6%, providing more predictable financing options.
For Sellers:
• Steady Home Prices: Median home prices are projected to see a 2% increase, reaching $410,700 in 2025, offering a favorable environment for selling. (Based on national averages)
As we usher in the new year, whether you’re considering buying or selling, our team is here to provide expert guidance tailored to your unique situation. Here’s to a prosperous 2025 in real estate!
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