T
ampa Bay real estate agent Tiffany Michael expects a more stable housing market in 2025 after two years of high prices and turnover. In 2024, listings stayed on the market longer, and inventory increased as buyers hesitated due to uncertainty about interest rates.

    Michael notes that the Federal Reserve's decision not to lower interest rates was influenced by the strong GDP, which has kept rates from dropping. This has led to a more realistic mindset among buyers, who are no longer expecting rate cuts.

    In 2025, experts predict mortgage rates will remain high, but home prices will rise at a slower pace. Michael believes this will make it a more comfortable year for buying or selling, with less competition and stable pricing.

    To succeed in the market, preparation is key, according to Michael. Buyers should get pre-approved, while sellers should consider getting a pre-home inspection, staging their homes, and addressing any needed repairs before listing. This approach can help them stay ahead of the game and make the most of the current market conditions.