The HGTV host “Flipping 101” Tarek El Moussa joins “Fox & Friends” to discuss the slight drop in mortgage rates and explain how it will have an impact on the real estate market.
The American housing market can move, and some real estate experts think that 2025 could offer new opportunities to buyers.
“I think this is a huge opportunity for buyers in the next 12 to 18 months,” said Tarek El Moussa de HGTV “Flipping 101” during an appearance “Fox and friends,” Tuesday.
“I don’t see an upcoming crash.”
According to the National Association of Real Estate Agents (NAR), 2024 had the lowest level of sales of existing houses since 1995. However, housing stocks increased by 5.1% in February compared to the previous month and from 17% from one year to the next. Mortgage rates, although still high, also fell slightly, with the fixed rate of 30 years on average 6.65% at the end of March.
El Moussa has recognized that if the inventory increases, the market is still not back to normal.
“They say it is deget, but if you look historically, we have even less inventory than a normal market,” he said. “The reason … it is [be]Cause the majority of people who have a mortgage today, the rates are so low that they cannot afford to move, and they cannot qualify to move. So what’s going on is that there is nothing available. “”
Asked about the impact of the new Trump administration, El Moussa rejected the idea that political leadership stimulates changes.
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HGTV ‘Flipping 101’ Host Tarek El Moussa on the reversal of houses on the current market.
“I don’t think it’s because of the administration,” he said.
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“I think it’s based on the fact that they are [Federal Reserve] Try to prevent a recession, but they also try to prevent prices [from going] Because they are already swollen. So, I think what we are going to see are the interest rates that switch from top to bottom as they have done over the past two years. “”
While sales of houses generally slow in winter and collect in spring and summer, El Moussa predicts a long -term change in home ownership trends.
“I see a big change entering our future, and this change is that people will be at home longer.”
“I think you will see people renovating their homes, adding to their homes,” he said.
The main director of capital markets JLL, Jillian Mariutti-Nieder, discusses the potential impacts of federal rate drops and the prices of President Donald Trump on the commercial real estate industry on the morning with Maria “.
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He also noted that the government is increasingly taking care of investors to help extend the availability of housing.
American Department of Housing and Urban Development (HUD) Secretary Scott Turner Shared that the Trump administration is looking to use federal land to increase the supply of affordable housing and mitigate the shortage on the market. Turner has teamed up with the US Interior Secretary Doug Burgum to work on the identification of land that could be used.
