Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'

Published On Dec 15, 2024, 7:00 AM

Century 21 CEO Mike Miedler expresses optimism for the 2025 real estate market, highlighting a stabilization in price growth and a slight increase in housing demand due to dropping mortgage rates. He notes that affordability remains a significant challenge despite improving conditions, with purchase applications up 50% compared to the previous year. As the Federal Reserve has started cutting rates, there is potential for continued recovery in housing units sold.

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The positive outlook from Century 21's CEO regarding the stabilization of home prices and increased purchase applications indicates a potential recovery in the real estate market, which may benefit related stocks as demand rises.

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