Home Buyers Guide Spring 2025

If you are thinking of buying a home in Vero Beach this winter season, this special edition of the Spring 2025 Buyers Guide, includes tips and answers to your questions such as Two Bright Spots for Today’s Homebuyers, Expert Forecasts for the 2025 Housing Market, The Real Benefits of Buying a Home This Year, Things To Avoid After Applying for a Mortgage, and much more.

Take a look at what is inside in the Home Buyers Guide Spring of 2025 and get it for FREE today! 

What is inside the Home Buyers Guide Spring 2025

TWO BRIGHT SPOTS FOR TODAY’S HOMEBUYERS

There’s no arguing the past few years have been challenging for homebuyers, especially on the affordability front. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find one in your budget. But here’s what you need to know.

The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’ve been looking for.

1. There Are More Existing Homes for Sale

Data from Realtor.com says the number of existing homes for sale improved by an impressive 22% in 2024. And experts say your pool of options is expected to get even better this year. Forecasts show inventory is projected to grow another 11-15% by the end of 2025 (see graph below):



2. There Are More Newly Built Homes on the Market

According to data from the Census and the National Association of Realtors (NAR), 32.5%, or roughly 1 in 3, homes on the market right now are newly built homes. That’s more than the norm (see charts below). But don’t worry, that’s not because builders are overdoing it – it’s just that they’re trying to catch up after years of underbuilding.

Get the latest Vero Beach Market Reports to get informed about the local real estate market and give you an edge when looking for a home in Vero Beach.

EXPERT FORECASTS FOR THE 2025 HOUSING MARKET

Everyone’s keeping an eye on mortgage rates and waiting for them to come down. So, the question is really: how far and how fast? The good news is they’re projected to ease a bit in 2025. But not by much. That means you shouldn’t expect to see a return of 3-4% mortgage rates. Experts are forecasting rates could settle in the mid-6% range by the end of the year (see
chart below):

THE REAL BENEFITS OF BUYING A HOME THIS YEAR

A recent report from Bank of America highlights that 70% of prospective buyers fear the long-term consequences of renting, including not building equity and dealing with rising rents.

If you’re on the fence of whether to rent or buy, here’s what you should know. If you’re able to make the numbers work, buying a home has powerful long-term financial benefits.

Buying a home allows you to turn your monthly housing costs into a long-term investment. That’s because, as shown in data from the Census and the Department of Housing and Urban Development (HUD), home prices tend to increase over time (see graph below):

THINGS TO AVOID AFTER APPLYING FOR A MORTGAGE

Consistency is the name of the game after applying for a mortgage. Be sure to discuss any changes in income, assets, or credit with your lender, so you don’t jeopardize your application.