Back from the holidays and wondering if you missed any big real estate updates? Here are two major stories from December.
Predictions for Real Estate in 2025
On December 12th, the National Association of Realtors (NAR) held an economic summit where leaders shared key insights into the marketâs future. Here are some of their top predictions:
- Mortgage rates are expected to continue falling. However, affordability challenges will persist, making it tough for first-time homebuyers to enter the market.
- The supply of new home inventory could slow down due to potential incoming policies from President-elect Trump on tariffs and immigration. The expected policies may lead to labor shortages and higher material costs, directly impacting the homebuilding market.
Read more about those predictions here.
Real Estate Agent: The Most Desirable Job in the U.S.
A recent study by BeamJobs analyzed Google search trends and found that âreal estate agentâ was the most searched job title in the U.S. last year. On average, 52,984 people searched for terms like âhow to become a Realtorâ every month, surpassing searches for other popular careers like:
- Firefighter â 29,434 searches/month
- Nurse â 28,450 searches/month
Find out which other jobs made the list here.
So if youâre already working in real estate, congratulations. Youâve got the countryâs most sought-after job!
Thatâs your final real estate news roundup from 2024. Stay tuned for more updates as we head into 2025.
Prefer video? Watch our December News Roundup here: