REAL ESTATE MARKET NEWS

As November ends and the holiday season begins, the real estate market is experiencing significant changes. New loan limits for 2025 are set to impact many buyers, with the conforming mortgage balance rising to $806,000 and the high balance for single-family homes in certain counties now at $1,037,000. Mortgage rates have remained steady to slightly higher, with a notable dip following a Federal Reserve rate cut. Looking ahead, rates are expected to stay in the high sixes to low sevens through 2025, driven by new administration policies. While the current low inventory levels are seasonally normal, there are some fantastic incentives for new construction homes, and sellers are highly motivated to sell. This means it’s a great opportunity for home buyers to snag their dream home!

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