Real estate market predictions from the end of 2024 into 2025 come from the Chief Economist of the National Association of Realtors(R), Lawrence Yun.

The first question – when will the Fed cut interest rates? Yun thinks the Fed may cut interest rates this fall, with hopes that it will be as soon as September.

He noted that small community banks have been struggling with the higher interest rates, which could help motivate the Federal Reserve to cut rates, along with a continuing inflation decline.

Yun is predicting that the Fed will cut rates 6-8 times into 2025. (My note: That would be wonderful!)

Yun also foresees that that the housing market will begin to normalize soon.

Here is more on Lawrence’s Yun’s outlook on the upcoming real estate market.

As I often remind readers, each real estate market is different and is very, very local. Though this is an overview of the general real estate market for the United States, in Baltimore, we have many different sub-markets. Your Timonium neighborhood may be very different than a Towson neighborhood just down the road.

Please contact me for more information on your Timonium house value. I would love to help!