Is The NEW JERSEY Housing Market CRASHING in 2025?! 😱 | The NJL Podcast [Warning!! 🚨] скачать в хорошем качестве

Is The NEW JERSEY Housing Market CRASHING in 2025?! 😱 | The NJL Podcast [Warning!! 🚨]

Is The New Jersey Housing Market Crashing in 2025?! The New Jersey Living Podcast: Warning! Are you thinking of moving or buying a home in New Jersey? As we end 2024 and enter 2025, experts in real estate are busy crunching the numbers on how the housing market will end and how it will begin in the new year. In today's episode of The New Jersey Podcast, Michael Pennisi, a veteran broker at Coldwell Banker, will share his insights about New Jersey's housing market, such as how the current market is doing and his fearless predictions for the upcoming year. We aim to answer the following question: Will the New Jersey Housing Market Crash in 2025, or will there be a correction? 🔍 Key Highlights: ⭐ Recent trend in New Jersey's real estate sales and inventory where 2024 saw the lowest number of homes sold in 30 years nationwide ⭐ The current housing market is struggling with limited inventory as well as elevated interest rates ⭐ In contrast, homes continue to sell due to high demand, although competitive bidding has lessened compared to previous years ⭐ Limited inventory, steady demand, and generational shifts will likely increase prices. 🔍 Predictions for 2025: 📌 Interest Rates are expected to settle between 5%-6%, which could trigger increased buying activity but might also intensify competition. 📌 It will be a huge advantage for home buyers to buy now, as delayed purchases could face higher prices and competition. 📌 Many homeowners with low-interest mortgages may hesitate to sell. Those who do are advised to evaluate cost-effective upgrades to maximize returns. 📌 New builds focus on luxury rentals rather than affordable single-family homes, further tightening inventory. 📌 Millennials, now in their home-buying prime, will dominate demand, coupled with Baby Boomer properties gradually entering the market due to aging demographics. 🔍 What we advise for: ✅ Buyers: Consider purchasing now to lock in prices before competition increases. ✅ Sellers: Evaluate market timing, as improving conditions may favor selling soon. ✅ General: Rising rents and limited supply underscore the benefits of homeownership. Watch the FULL video to learn more about recent New Jersey Housing Market trends! For more podcast episodes, housing market updates, neighborhood tours, or if you're a buyer or a seller interested in the booming real estate market, don't hesitate to contact me! Like this content? Hit the LIKE and SUBSCRIBE buttons for more! ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 📌 Are you considering moving to New Jersey? Click here to get a FREE relocation guide: https://contact.buyorsellrealestateno... 📌 Are you looking to buy a home in New Jersey? Click here to get a FREE NEW JERSEY HOMEBUYING GUIDE: https://link.buyorsellrealestatenow.c... ⬆️⬆️⬆️⬆️⬆️⬆️⬇️ 👇Subscribe to my channel for more videos like this👇    / @newjerseylivinggroup   ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Are you moving to New Jersey? Find out what it's like Living in New Jersey on this channel. We'll show you the best neighborhoods in New Jersey, things to do, the cost of living, and everything you need to know about New Jersey Real Estate! This channel aims to help home sellers and home buyers navigate the world of New Jersey Real Estate. You'll get valuable tips and tricks when buying or selling a home in the New Jersey Housing Market. You'll also stay updated with the latest real estate market news and trends. This will help you make the best decision when dealing with New Jersey real estate from home buying and selling to investing. We upload videos weekly. SUBSCRIBE to get all the latest and exclusive news and trends about New Jersey Real Estate! ⬆️⬆️⬆️⬆️⬆️⬆️⬇️ Corey Jones New Jersey Living Group Coldwell Banker 🏡 145 Maplewood Avenue Maplewood, NJ 07040 📞 (973) 564-1950 🌐 www.newjerseylivinggroup.com #realestate #newjersey #newjerseyliving #thenjlpodcast #newjerseyhousingmarket2025 #housingmarketcrash2025 #newjerseyhousingmarketpredictions #newjerseyrealestate