
The U.S. real estate market is poised for a positive shift as we sit amidst the deep freeze of Winter 2025 in New Jersey.Industry experts, including economists consulted by Cross Country Mortgage, predict a steady decline in mortgage rates starting April or May.
These anticipated rate reductions, potentially into the low 6% or high 5% range, are expected to revitalize affordability and unlock inventory, especially for first-time homebuyers. Coupled with potential home-buying incentives from the federal government, the market could experience a significant boost.
The past few years have been challenging for real estate, let's not mince words.
Data reveals 2024 marked the worst year for real estate sales since 1994, with 2023 only slightly outperforming it.However, this downturn mirrors historical cycles, offering hope for a robust recovery. As Stephen Bachman of Cross Country Mortgage in Margate, NJ highlights, a similar scenario occurred during the 2008-2009 housing crisis.When mortgage rates dropped dramatically from 7% to 4%, the market rebounded swiftly, initiating a decade-long boom.

While recent years have been characterized by higher mortgage rates and limited inventory, the silver lining is fewer competitors in the industry.This provides an opportunity for agents, lenders, and buyers to strengthen foundational practices and prepare for the inevitable upswing.
Key Trends from 2020 to 2024-
Pandemic Surge (2020-2021): Fueled by record-low mortgage rates and increased demand for remote-friendly homes, the market experienced unprecedented activity.
Correction Phase (2022-2024): Rising interest rates and inflation led to reduced affordability and stagnated inventory, slowing sales to historic lows.
Looking Forward (2025): Analysts project a stabilizing market with increased inventory, spurred by declining interest rates and potential policy interventions.
While the U.S. real estate market has faced significant challenges in recent years, the outlook for 2025 is optimistic. Anticipated declines in mortgage rates, potential government incentives, and lessons learned from past cycles suggest a forthcoming period of growth and opportunity for buyers and industry professionals alike.
Hi, I’m Stephen, and I’m dedicated to making your mortgage a win! I love serving my Margate, NJ community as a loan officer, bringing homeownership dreams to life in the place I call home.
Whether you’re buying or refinancing, the mortgage process might seem stressful. But that’s not the case with CrossCountry Mortgage. My team and I have years of experience helping clients close with confidence. I’ll answer your questions in simple terms, help you through each step in home financing and do everything in my power to help you go from getting pre-approved to relaxing at home in no time.
Branch Manager: Margate, NJ Mortgage Loan Officer
CrossCountry Mortgage NMLS #403742
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