Should I Buy a House in 2025?

January 14, 2025

2025 is a new year full of hope and uncertainty at the same time. While it will certainly have its challenges, it will also have great things in store. If you are looking to move house, you might have been one of those people who have been holding out on the market over the last few years because of the interest rates. Should you buy a house in 2025? Is this the year? Let’s take a look at what we might expect in the housing market.

Falling Interest Rates

The end of 2024 was a better time to buy a house in terms of interest rates. The mortgage rate fell from over 7% to around 6.84% in December 2024, which, though small, is still significant. There is still uncertainty over how much lower (or higher) the rate will go given political shifts this year. 

Improving Job Opportunities

In spite of relatively high yet stable mortgages, other factors will make the housing market more affordable. One is improved job opportunities. We are expected to see thousands of new jobs opening across the country, which can help people have a higher income to afford a new home.

New Construction Is the Way

Because the interest rate is lowering, there might be a bigger housing inventory. People might be more willing to sell their existing homes and buy a new one, which will make mortgages themselves more affordable. 

Even so, new construction will still be popular, given the relatively low inventory. New construction home builders also make new construction attractive through builder incentives and other ways to save. If you want to live in central Maryland, Ameri-Star Homes is one such builder!

Personal Circumstances

Even if the market prices are high and the supply is low, it may still be time to buy a new house due to personal circumstances. You might be getting married, downsizing from a large house, or starting a new life in a new state. Whatever your reason, there is still a way to make it work no matter what the market is like.

Should You Buy a House in 2025?

There are big-picture and personal factors that affect whether or not you can get the best deal on a new home. No matter the times, Ameri-Star Homes is here to help you buy a house in 2025 that you will be happy with.

Let Ameri-Star Homes Build Your New Custom Home!

Ameri-Star Homes was built on the idea that a home is not complete until the homeowner is 100% satisfied. That’s right, completely satisfied homeowners. Whether you want a home built on one of our home sites or on your own land, count on the same high quality from Ameri-Star. We have set out to exceed all your expectations of integrity, affordability, and customer satisfaction. Build lasting memories for years to come with Ameri-Star Homes. 

For more information, contact us today at 410-590-1000 or through our contact page. For more helpful custom home tips, keep in touch with us through Facebook, Twitter, LinkedIn, Instagram, and Pinterest!