These are the projected housing market 2025 predictions. I also mention how this relates to the Colorado Springs housing market specifically.
Here are the main drivers of the projected housing market of 2025:
tariffs
tax cuts
mass deportation of immigrants
looser construction regulations
the low number of homes for sale
the continued pent up demand for housing
an overabundance of rentals?
interest rates (of course)
rising home insurance
a "silver tsunami"
What about rentals? Is there an oversupply of rentals in Colorado Springs? We should be seeing about 4,000 new rentals each year for the next 3 years. However over the next 4 years our city will need to build about 40,000 new homes and apartments, just to keep up with demand.
Colorado Springs home prices reached their peak this June and July, with prices headed down slowly since then. Still, November 2024 prices are still about 8% higher than they were back in January. In short, Colorado Springs homes have still seen appreciation this year.
If you're interested in that new build development I mentioned from David Weekley with the 4.99% interest rate, let them know I sent you: https://www.davidweekleyhomes.com/new-homes/co/colorado-springs/colorado-springs/trailside-at-cottonwood-creek
Despite home prices and costs of imported goods and materials going up, will this push manufacturing back to America? Will this actually provide more housing in the long-term?
Here's the CNBC article for more info: https://www.cnbc.com/amp/2024/12/08/heres-what-to-watch-out-for-in-the-2025-housing-market.html
Also fascinating is the Common Sense Institute's findings about how many housing units Colorado Springs is short of: https://www.commonsenseinstituteus.org/colorado/research/housing-and-our-community/colorado-springs-housing-affordability-report-2024
Realtor.com also puts Colorado Springs as its #1 in it's top 10 housing markets for 2025: https://www.realtor.com/research/top-housing-markets-2025/
Where do you project the housing market of 2025 will be? How much will immigration play a role in home prices and the number of available homes?
Don't forget about hail season also! I'm partnered with KJS Auto Hail Repair who is a local Colorado Springs car hail repair company. Contact them when you have auto hail damage. If you tell them I referred you, they'll give you $100 back at the end of the repair process. https://kjsautohailrepair.com/contact
Disclosure: I make a small commission from my sponsorship with KJS Auto Hail Repair.
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2024/12/1330 分