Recent interest rate reductions have caused many people to consider purchasing a home. According to the real estate information company Zillow, that trend will continue in the new year. Here are the predictions from experts who keep their eye on the real estate market: The Federal Reserve reduced the interest rate 3 consecutive times in 2024,

The U.S. housing market has been hurt by volatile mortgage rates, but a severe shortage of available homes is the most critical obstacle for would-be buyers, Zillow CEO Jeremy Wacksman said.