WordofMany

Real estate

why i think the real estate market is about to boom (as of march 1 2025)

By Bartholomew

Published: 01 Mar 2025

A Toast to Unexpected Turns: My Own Real Estate Journey

Let me start with a confession: I'm not a real estate mogul. I'm just a regular guy who, like many others, dreamed of owning a piece of the pie. My first attempt, a fixer-upper in the suburbs, was... well, let’s just say I gained a newfound respect for construction workers. Plumbing issues, wonky wiring, the whole shebang! It was a rollercoaster, but I learned something valuable: real estate is a wild ride, and sometimes, that's the most exciting part. The journey taught me more than any textbook, you know? So, bear with me as I share my insights. I think we're about to witness a real estate boom –– and here’s why.

The Shifting Sands of Supply and Demand: It's Not Just About the Numbers

Economists have their graphs and charts, but sometimes, the best insights come from observing everyday life. I've noticed a change in the market –– and I don’t mean just house prices. Think about it: how many times have you seen articles about housing shortages? A lot right? It's a widespread issue, affecting most parts of the country. Less supply means higher demand –– simple economics 101. That alone should be enough to make investors’ eyes twinkle –– but that is not all.

Graph showing housing supply and demand | Image: Supplied

Interest Rates: The Unsung Hero (Or Villain?)

Interest rates have been fluctuating like a yo-yo lately. They were really high, and some folks were thinking, ‘Uh oh.’ But guess what? They've started to dip. Now, I'm no financial guru, but even I know lower interest rates make mortgages more affordable. That means more people can enter the market, and it's not just buyers. Lower rates can make real estate investments much more appealing. This alone could kickstart a significant surge in the market; we may be staring at a possible boom.

Graph showing interest rate fluctuations | Image: Supplied

The Millennials Are Coming (And They're Buying!):

Forget what you've heard about millennials waiting too long. They're starting to create their own families and many want to own houses. There are so many of them! This huge wave of potential homebuyers is enough to influence the whole market. It's like a dam bursting –– a tidal wave of demand about to hit the market. The numbers alone speak volumes! It’s no surprise experts are pointing to millennials as one of the reasons for upcoming change.

Millennials looking at houses | Image: Supplied

Beyond the Numbers: A Gut Feeling (and Some Smart Predictions)

Data is great, but sometimes you just know. I’ve been talking to real estate agents, contractors, and even my next-door neighbor (who, incidentally, just put down a deposit on a new property). Everyone seems to be feeling the shift. The air is buzzing with excitement. I think it’s about to get real interesting. What about you? Are you starting to notice something similar in your neighborhood?

People talking and shaking hands | Image: Supplied

What Does This Mean for You?

Are you ready for this? If you’re thinking of buying, keep an eye on the rates. If you’re thinking of selling, now is your chance! If you are thinking about investing, start doing your homework. Timing the market is difficult, but with a little bit of research and understanding of what is going on, one can make reasonable predictions.

Disclaimer: Proceed with Caution (But with Excitement!)

Okay, let's be real. Predicting the real estate market is like trying to predict the weather –– you can make educated guesses, but there are always surprises. This isn’t financial advice, just my own observations. Do your own due diligence. Talk to professionals! This is a big financial step, so do some careful thinking. But hey, an exciting boom in the market is a great opportunity. Aren't you excited?