Redfin says housing market bubble could deflate this year
In recent years, homebuyers have struggled with a challenging housing market marked by high prices and elevated mortgage rates, causing many to delay purchasing. Economic uncertainty and stagnant market conditions have further reduced buyer confidence, leading experts to predict a slow spring season. Although more homes are becoming available, demand remains low, keeping sales sluggish.
According to Redfin, “Earlier hopes for a strong housing recovery in 2025 have faded as economic instability and fluctuating mortgage rates continue to dampen expectations of renewed buyer demand.”
