Home Price Growth will Ease in 2025 and 2026 | Home Supply going up!

 

Home Price Growth will Ease in 2025 and 2026

REO of the Week 

Apple Homes for sale  

Mountain View home of the week 

FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist

Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist

youtube

blog

podcast

  

Home Price Growth will Ease in 2025 and 2026

Introduction and Market Overview

Morning. Morning. Hey, an experts' poll found that home price growth may ease in 2025 and 2026. Let's take a quick look. We need to understand why this is happening. Even if rates go down, we're still looking at buyer apprehension right now. 

Media Influence and Market Sentiment

It's one of those things that the media is pushing the market or the economy to collapse, and I don't know if you see it, but I don't.

The media is saying we're in for a recession now. We're making it less affordable for people to buy houses right now because we're at an all-time high. As far as prices are concerned, as far as the rate is concerned and income compression is happening. I know a lot of people who are getting laid off.

I know a people, a lot of people who are deciding to hold off on any major purchases, and that means the economy could shake,

which also means that home purchases. We'll be on the back burner of everyone's mind for a long time until things shake out. Because people on the whole buy houses when the market's hot and when the market's cold, people don't. Smart people buy. When the market's down, when the market is collapsing, that's when you buy.

Kinda like stocks, anything, right? 

REO of the Week 

Current Home Price Trends

So right here, really quick article, it's not very elaborate. The latest forecasts are slight downward revisions from Fannie Mae's previous quarterly poll. Which panel predicted? 3.8 home growth, 3.8% home growth, home price growth in 2025 and 3.6% and 2026. Why not 5.8 like we have been seeing?

This is across the nation, guys, right? We're seeing 8% growth here in Santa Clara County. We talked about this last couple of ays ago. We're seeing major growth still here in the Valley. 

Local Market Insights: Santa Clara and Silicon Valley

As a matter of fact, in Blossom Valley, where I live, there's hardly any inventory at all, and we're not experiencing the same thing that the rest of the country is experiencing, right?

So on the whole, this could help home buyers; this could hurt home sellers in the coming months. When it comes to this valley, to the Silicon Valley, to the Bay Area, right? It could slow things down. As a matter of fact, we're we were seeing 12 days on market at the beginning of the year, now we're seeing 17.

That's 'cause there's more inventory and we're gonna go to get into that. So, more inventory means slower growth. The economists here are reacting to the date,a and the data is telling them well. The supply is increasing. Rates aren't coming down. Home purchases are pretty much on the same standard, so maybe we're only gonna see a little bit of growth.

So they're being very conservative about this in certain areas, right? Like here in Sunnyvale Home, really close to Apple, the big space center right here, right? It's walking distance to Apple. It's still almost $3 million. 

Apple Homes for sale  

Property Listings and Analysis

Not my listing, Kenard's way. Four bedroom, four bath, 2300 square feet. Built in 1956. So this is a total rebuild, but it's huge.

And it's, I don't care for the paint, I don't care for the box brownie effect,' 'cause we don't get purple skies here, guys. We don't get, we don't get that. This is all box brownies. This is all AI stuff, right? Right here, it could even be staged AI. 'Cause I don't, I see shadows, but I don't know. Maybe we'll see.

It looks nice, very nicely updated. I like the fixtures. I like the floor, even though it's laminate. I like the walk-in bath, the shower there. This is a nice-looking house, and if you live near Apple and you're an engineer, you can afford it. S,o gimme a call and we'll go take a look at it if you can't afford it.

We have bank-owned property. It's the only one in Santa Clara County right now. Actually, there's a couple, but this one I wanted to point out, harming the court. Not my listing. $800,000 townhouse. I think it's a four-bedroom, two-and-a-half bath, 1400 square feet townhouse built in 1972, and it's right on the freeway there.

It's HUD-owned for $400 a month. HOA dues and it's been on the market 88 days, so it's a steal. You could probably even get it for $700,000. We can go and write an offer for six 50 Insult. The HUD guys, these guys aren't homeowners, they're business people, and their job is to sell houses, and they get A commission or a vig on everything they sell.

So if you're looking at buying a condo, an investment, this sells four bedrooms, this thing will sell for a lot of money or rent for a lot of money, even though it's close to the freeway. I wonder if this has a pool, has a pond? No. I don't know what that is. So this whole. Thing, $400 a month, and you don't even get a pool.

It's insulting, but again, if you're buying this as an investment, there you go. 

Market Inventory and Buyer-Seller Dynamics

40 days on market report. We have 140 homes that have not sold. I. That number is growing a little bit at a time. That's something to keep an eye on, right? If we look at December, it was 114. November was 180. Even in October, it is 200.

So it's nothing alarming, just yet to think about, especially because we're in the selling season, right? Same thing with no 90 days on market, homes ticking up just a little bit, but nothing to be alarmed about because we were at the same numbers, 66 in October. These numbers are very small.

Nothing to be concerned about, Aria and the Bay Area, including that one we just saw. We have 67, we have nothing. We have zero inventory. Basically, we have 208 homes listed for sale as distressed properties in all of California. That my MLS tracks supplies are going up a bit. A tad bit. We're not where we need to be. We need to be at about a thousand for San Jose and about 2000 for Santa Clara County. And again, we're about 60% of the way there, but we're not where we need to be to make it a balanced market. A balanced market is where we make it fair and equitable for both the buyer and seller, which means that we still have, we don't have enough inventory for the demand that we have.

And because rates are. So high right now, and they have been for the last couple of years. 7% doesn't make for a great buyer's market. Just doesn't. It makes it less affordable for everybody across the nations. Even in Silicon Valley, where if you're making $500,000 a year, you should be able to afford a house.

But at 7% it's off-putting for a lot of people. So we have fewer people. We still have demand, we still have houses going into contract every 17 days. Look, is it right here? 17 days. So average. We have houses selling zero per zero days on market, three days on market, and two days on market. It's not like it's a normal thing for Napa to see it on the market for 80 days.

So our inventory is growing, but is it growing in a spike? We have had more in; we have more inventory today than we have had in the last year in both Santa Clara County and in San Jose. It's good. We need more supplies. We need to make it a balanced market. We need to make it a balanced market for buyers to come into the market.

The next thing that's going to happen is rates will go up, and supply will dwindle a little bit, and then it'll come back up. It's just normal. This is the heart, this is the heat of the selling season right now: March, April, May. We're at the midpoint, and it's normal for us to see this uptick, and I'm glad to see that we're above where we were last year.

Here you go. All right. 

Conclusion and Final Thoughts

That's it for now. Thanks for watching. I'm Vito with Abano. We'll see you out there. 

🔴 Insurance Adjuster: What You ShouldKnoww https://youtu.be/8IWgof1qvnc

🔴 Renters losing MORE than Rent! (Bay Area Median Home Prices) https://youtu.be/VwLrwX2YuHo?t=41

🔴 MoonBeans Coffee https://www.youtube.com/watch?v=OmHpGXVu5sQ&feature=youtu.be

Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

Update your home value: https://hmbt.co/bT7qRJ      

FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchiaIf you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!

🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg

What should a realtor do to sell your house,What should you not do when selling a house,Why is home not selling,Is it better to sell as is or fix up,Home much money is lost when selling a house,Is it bas to sell a house as is,Where should I sell my house for money is 2021,Is money from the sale of a house considered income,Do you get all the money when you sell your house,Do you have to buy another home to active capital gains,What happens when you sell a house and make a profit,Can I sell my house and keep the money ,What month is the best to sell a house,How much money do I keep when I sell my house,How to I avoid paying taxes when I sell my house,How do I sell my house in 5 days,Whats the quickest way to sell a house,How can I sell my house quickly ,Is it better to sell my house or rent it out,How do I sell my house in 30 days,What does teh seller have to pay when selling a house,How p[ays closing costs on for sale by owner ,Who pays the title company at closing,Who pays for appraisal buyer or seller,How do I calculate my closing costs as a seller,Can a realtor lie about other offers,Do sellers always pick the highest offer,Can ou sue a real estate agent for lying,How do you make sure your offer is accepted,Can buyer talk to seller directly,What do you say when you reach out to a realtor,Do you tip your realtor,Why do realtors now want buyers and sellers to meet,Do I have to pay my realtor if I decide not to sell,Can you work with multiple realtors,Can you fire your real estate agent,Are realtors rich,Should I interview multiple realtors,Are you obligated to a real estate agent,What should I do to my house before selling ,What sells a house fast,What brings more value to a house,What features sell a house,What to do if a house is not selling,Do vacant homes sell faster,What are the worst months to sell a house,Which month is best to sell a house,Is 2021 a good year to sell a house,What adds most value to a home,How can I increase my chances of selling my house,What makes a house harder to sell,What brings down property value,What are houses not selling 2021,What adds teh most value to a house,What is the most common reason a property fails to sell,What should you not fix when selling a house,What adds teh most value to a house,Does Zillow pay fair prices for homes,How to I sell my house that need repairs,Do sellers have to fix everything on home inspection,Can you sell your own property as a real estate agents,Does a realtor make money on a for sale by owner,Can I use a real estate attorney instead of an agent,Can I be my own buyers agent,Do real estate agents make more than lawyers,Do realtors get paid if a house doesn’t sell,Do agents get paid for open house,Can I ask my realtor to take a lower commission,How much does a real estate agent make monthly,Which real estate agent has the lowest commission,Can I represent myself as a real estate agent,Do brokers make more than real estate agents,Can you bypass a real estate agent,Can I represent myself in buying a house,Can you buy a house yourself,Do Realtors get commission on for sale by owner,Is it better sell your house by owner or realtor,How do you negotiated for sale by owner,Is it hard to sell a house without a realtor,Can you ask a realtor to take a lower commission,What home improvements add the most value,What should you not fix when selling a house,What color carpet is best for selling a house,Which home renovations are your best investments,Which home improvements pay off,What is the best way to renovate a house,What is the most expensive part of a kitch remodel,What home improvements do not add value,Is a 4 bedroom house worth more than a 3 bedroom house,Do home improvements increase value,What features sell a house,What order do you renovate a house,What renovations are worth doing,Is it better to renovate or move,Is it cheaper to renovate or build new,How much does it cost to fully renovate a house ,What should I renovate first,What makes property value increase ,What negatively affects home appraisal,Do home appraisers look in cabinets,Do appraisers look in showers,What matters in a home appraisal,How can I maximize my home appraisal,Is land a good investment 2020,Is buying land a building a house cheaper,Is it better to buy land first,How to I buy money with no money,Is land a bad investment,Does age of house affect value,Are 100 year old houses safe,What is the average age of a house,What age is a house considered old,How do I price my house,How is property value determined,What are the 5 methods of valuation,How do I determine fair market value of my home,How does a bank value a house,Why is my tax assessment so high,What brings down,calhoun.savingmoneyonhomes.com

95035,95123,95020,95127,95014,95051,95111,94087,95112,95125,95023,95122,95037,94550,95116,95124,95136,94086,95148,95008,94303,95050,95132,95120,95129,94040,95121,95128,95126,95118,95131,95070,94043,95134,95032,95117,95133,94306,94089,95054,94085,94024,95135,95110,95138,94022,94301,94305,94041,95030,95130,94090,95119,95033,95102,94310,95139,95046,95171,94028,95142,95114,95113,94304,94308,95140,94035,95141,95053,95101,95137,95002,95196,95009,95011,95013,95015,95021,95026,95031,95036,95038,95042,95044,95157,95156,95159,95158,95161,95160,95170,95164,95172,95190,95173,95192,95191,95194,95193,94302,94309,95052,95056,95055,95071,95106,95103,95109,95108,95115,95151,95150,95153,95152,95155,95154,94023,94039,94042,94088,94080,94015,94014,94303,94403,94025,94066,94010,94061,94044,94404,94063,94401,94070,94062,94002,94402,94030,94019,94405,94409,94065,94407,94408,94098,95006,94071,94027,94099,94012,94031,94003,94067,94028,94005,94029,94037,94406,94096,94060,94020,94045,94038,94059,94021,94074,94128,94013,94307,94011,94016,94018,94017,94497,94026,94064,94083,94125,94544,94536,94538,94587,94541,94501,94568,94539,94601,94550,94577,94560,94546,94551,94605,94566,94611,94588,94621,94578,94606,94555,94545,94608,94602,94610,94603,94580,94704,94607,94619,94609,95391,94579,94703,94625,94552,94706,94643,94618,94702,94502,94612,94542,94705,94708,94707,94709,94710,94720,94627,94586,94514,95140,94615,94557,94604,94613,94537,94540,94543,94614,94617,94620,94622,94624,94623,94649,94660,94659,94662,94661,94701,94666,94712,95076,95060,95062,95003,95066,95064,95073,95033,95065,95010,95006,95018,95005,95019,95017,95001,95007,95041,95061,95063,95067,95077,

Santa Rosa Real Estate,Petaluma Real Estate,Rohnert Park Real Estate,Sonoma Real Estate,Sebastopol Real Estate,Windsor Real Estate,Healdsburg Real Estate,Cloverdale Real Estate,Cotati Real Estate,Calistoga Real Estate,Forestville Real Estate,Guerneville Real Estate,Penngrove Real Estate,Glen Ellen Real Estate,Geyserville Real Estate,Occidental Real Estate,Kenwood Real Estate,Cazadero Real Estate,Fulton Real Estate,Monte Rio Real Estate,Bodega Bay Real Estate,Stewarts Point Real Estate,Jenner Real Estate,The Sea Ranch Real Estate,Bodega Real Estate,Graton Real Estate,Annapolis Real Estate,Valley Ford Real Estate,Duncans Mills Real Estate,Camp Meeker Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Oakland Real Estate,Fremont Real Estate,Hayward Real Estate,Berkeley Real Estate,San Leandro Real Estate,Livermore Real Estate,Pleasanton Real Estate,Alameda Real Estate,Union City Real Estate,Dublin Real Estate,Castro Valley Real Estate,Newark Real Estate,San Lorenzo Real Estate,Albany Real Estate,Emeryville Real Estate,hayward real estate,Piedmont Real Estate,Byron Real Estate,Sunol Real Estate,Canyon Real Estate,Farwell Real Estate,Brookshire Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Petaluma Real Estate,San Rafael Real Estate,Novato Real Estate,Mill Valley Real Estate,San Anselmo Real Estate,Sausalito Real Estate,Corte Madera Real Estate,Tiburon Real Estate,Fairfax Real Estate,Kentfield Real Estate,Larkspur Real Estate,Ross Real Estate,Belvedere Real Estate,Bolinas Real Estate,Nicasio Real Estate,Point Reyes Station Real Estate,Dillon Beach Real Estate,Woodacre Real Estate,Lagunitas Real Estate,Inverness Real Estate,San Quentin Real Estate,Tomales Real Estate,Marshall Real Estate,Olema Real Estate,Stinson Beach Real Estate,San Geronimo Real Estate,Blakes Landing Real Estate,Salinas Real Estate,Watsonville Real Estate,Seaside Real Estate,Monterey Real Estate,Soledad Real Estate,Marina Real Estate,Greenfield Real Estate,King City Real Estate,Carmel-by-the-Sea Real Estate,Pacific Grove Real Estate,Gonzales Real Estate,Castroville Real Estate,Carmel Valley Real Estate,Aromas Real Estate,Moss Landing Real Estate,Del Monte Forest Real Estate,Big Sur Real Estate,Del Rey Oaks Real Estate,Bradley Real Estate,Chualar Real Estate,Sand City Real Estate,Jolon Real Estate,San Simeon Real Estate,San Ardo Real Estate,Lockwood Real Estate,San Lucas Real Estate,Hollister Real Estate,San Juan Bautista Real Estate,Aromas Real Estate,Paicines Real Estate,Tres Pinos Real Estate,San Francisco Real Estate,San Mateo Real Estate,Daly City Real Estate,Redwood City Real Estate,South San Francisco Real Estate,San Bruno Real Estate,Menlo Park Real Estate,Pacifica Real Estate,Foster City Real Estate,Burlingame Real Estate,San Carlos Real Estate,Belmont Real Estate,East Palo Alto Real Estate,Millbrae Real Estate,Half Moon Bay Real Estate,Hillsborough Real Estate,Woodside Real Estate,Atherton Real Estate,Portola Valley Real Estate,Brisbane Real Estate,Emerald Lake Hills Real Estate,Moss Beach Real Estate,Colma Real Estate,Pescadero Real Estate,La Honda Real Estate,Montara Real Estate,San Gregorio Real Estate,Loma Mar Real Estate,San Jose Real Estate,Sunnyvale Real Estate,Santa Clara Real Estate,Livermore Real Estate,Mountain View Real Estate,Milpitas Real Estate,Palo Alto Real Estate,Gilroy Real Estate,Cupertino Real Estate,Morgan Hill Real Estate,Campbell Real Estate,Los Gatos Real Estate,Los Altos Real Estate,Saratoga Real Estate,Stanford Real Estate,Los Altos Hills Real Estate,San Martin Real Estate,Monte Sereno Real Estate,Lexington Hills Real Estate,Mount Hamilton Rea