HGTV ‘Flipping 101’ host Tarek El Moussa joins ‘Fox & Friends’ to discuss the slight reduction of mortgage rates, and explain how this will affect the real estate market.
The US housing market may be changing, and some real estate experts believe that 2025 may offer new opportunities for buyers.
“I think it’s a great opportunity for buyers in the next 12-18 months,” said Hosti “Flipping 101” by Hgtv Tarek El Moussa during an appearance on “Fox & Friends” Tuesday.
“I don’t see a crash coming.”
According to the National Association of Realtors (NAR), 2024 had the lowest level of existing home sales since 1995. However, housing inventory increased 5.1% in February compared to last month and 17% earlier. Mortgage rates, although still high, have also fallen slightly, with a 30-year fixed rate on average 6.65% since the end of March.
El Moussa admitted that as the inventory is growing, the market is still not in normal.
“They are saying they are melting, but if you look historically, we have even less inventory than a normal market,” he said. “The reason … it’s (be) to cause most people who have a mortgage today, the rates are so low that they can’t afford to move, and they can’t qualify to move. So what is happening has nothing available.”
When asked about the influence of Trump’s new administration, El Moussa rejected the idea that political leadership is directing the changes.
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HGTV ‘Flipping 101’ host Tarek El Moussa in houses rolling in the current market.
“I don’t think it’s because of the administration,” he said.
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“I think it is based on the fact that they are (federal reserves) trying to prevent a recession, but they are also trying to prevent prices (not to go) because they are already swollen. So I think what we will see is the type of interest to change up and down as they have done the last two years.”
While home sales usually slowly in winter and take in spring and summer, El Moussa predicts a long -term change in homeownership trends.
“I see a big difference that comes in our future, and that the difference is that people will be in their homes longer.”
“I think you will see people remodeling their homes, making additions to their homes,” he said.
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He also noted that the government is increasingly demanding investors to help expand the availability of housing.
Secretary of the Department of Housing and Urban Development (HUD) Scott Turner has said the Trump administration is seeking to use federal lands to increase the supply of affordable housing and facilitate market deficiency. Turner has partned with US Secretary Doug Burgum to work in identifying that land can be used.
