More homeowners will list their properties as mortgage rates stabilize, improving inventory but increasing competition.Buyers may gain leverage, leading sellers to offer price cuts or concessions in competitive markets.
U.S. construction faces rising costs as new tariffs could increase material prices by up to 60%.
Construction inputs for multifamily projects have already surged 35% in 5 years, squeezing project feasibility.
Before buying a house in 2025, ensure you are debt-free and have 3–6 months of expenses saved.
Limit your home budget to 25% of your take-home pay, covering mortgage, taxes, insurance, and HOA fees.
Salt Lake City ranks fifth in the U.S. for the rent-buy cost gap, with renting at $1,680 monthly and buying at $3,197, making buying 90.4% more expensive. Nationwide, renting is cheaper as mortgage payments rise while rents decline or stabilize. The largest gaps are in Western cities like San Francisco and San Jose. In contrast, Rust Belt cities show much smaller rent-buy disparities.
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.
2025 home prices will rise slowly, with an average price of $510,300 and median at $419,200.
In 2025, home prices will stabilize; expect to pay close to asking price, especially in tight markets.