2025 Real Estate Predictions
David gives his prediction for 2025.
Welcome to 2025. I'm a little bit rested. I finally got a little bit of a tan down in Florida. And I feel like I can offer my prognostications for the 2025 real estate market. So I wanted to give everyone a brief pause to think about what's upcoming. We ended 2024 in crazy fashion. This firm had closings all throughout the holidays. Real estate's off the charts. I don't care what anyone tells you. Real estate is in demand. It's moving. It's happening. Residential real estate is hot. Period. End of story. Don't listen to anything else because that's what's happening. And our predictions for 2025 are just that. It's going to continue. There's a huge, as everyone knows, demand and supply issue. There's just not enough supply. Anything that comes on the market gets eaten up like that. And we believe the velocity of transactions will only pick up in 2025. We believe 2025 is going to be bigger than 2024. And most people in the residential space can pretty much agree that 2024 was 100% better than 2023. So why do we think 2025 is going to pick up?
There's a lot of wins behind our sales, so to speak. We have Trump coming into office, and this is not a political commentary, but I believe, you know, whether you want to believe it or not, Trump is more pro-business than Biden was. That's one. Number two, I don't believe Trump's going to want to see rising interest rates. He's going to want to see interest rates come down so people can borrow for less and then obviously borrow for mortgages for less, which will help us. But most importantly, we believe at some point soon here, the amount of people who are able to sell because they could now buy with interest rates in the middle sixes, low sevens have become normalized. They understand it and they're ready to finally purchase and understand that they're going to absorb a bigger interest rate on the purchase, which means more inventory finally for the sales.
This demand is way up here. The supply is way up here. We think it's going to come more like this, which is just going to mean more residential transactions. So, of course, if you're a realtor watching this, this is the time to have listings because that's where the easy work will be. Having buyers is going to be problematic. You're going to have post-closing possession issues. Demand is going to be off the hook. You're going to be in multiple offers up the yin-yang. It is going to be a crazy spring market. And this year there is going to be no election pause like there was last year. And there really wasn't that big of an election pause last year. So again, big picture, 2024 was great. There were a lot of transactions. Do not believe the news. Real estate is going and it's moving. And 2025 is going to be even bigger unless there's an absolute financial or economic calamity somewhere.
We believe the spring is going to be robust and the summer is going to be off the hook and the fall is going to be busy and it's going to be just as busy as it was last holiday season. So, that's your prognostication from the David Frank Law Group. Of course, continue to think of us if you ever need astute legal representation during your residential real estate buying season and we look forward to working with you and Happy New Year. Happy 2025 everyone.