Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals’ network of publications. Today, we’ll look at predictions for the 2025 real estate industry, a new top destination for interstate migration and the location of the third flagship semiconductor research facility. But first, let’s take a look at residential real estate, where inventory in many places is growing stale.Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.’Stale’ inventory is accumulating in housing marketNationally, more than half of home listings in November had been on the market for two months or longer, reports Cody Baird of the Austin Business Journal.AT THE TOP: Miami topped the list with 64% of home listings having sat on the market for at least 60 days, according to a recent Redfin Corp. report. Austin, Texas, was No. 2, at 62%. The report specifically looked at homes actively listed for sale on the final day of November. Across the country, roughly 55% of home listings in November hadn’t been sold after sitting on the market for 60 days.WHAT HAPPENED? The report cited surges in new-build homes and overpriced listings as factors in what it termed “stale” inventory. Meme Loggins, a real estate agent in Portland, Oregon (which had 58.7% stale listings), said in the report homes that are priced reasonably and in good condition “are flying off the market” in less than a week, while overpriced homes are sitting for three months or more.OVERHEARD: “Sellers must recognize that bringing buyers to the table requires a more aggressive pricing approach,” said Clare Knapp, Austin Board of Realtors and Unlock MLS housing economist, in November. “Even in a more balanced market, buyers with limited purchasing power are struggling to meet current price expectations.”FULL STORY: ‘Stale’ inventory accumulating in housing marketReal estate predictions for 2025Like many of you, Ashley Fahey of The National Observer: Real Estate has been looking ahead to what’s coming in 2025. Here are three things the real estate sector is watching in the new year:NEW ADMINISTRATION IMPACTS: Trump’s policies will affect commercial real estate decision making. The big question is whether those policies will be positive or negative for the market. Tighter immigration policy means fewer workers in the construction sector, and increased tariffs could be inflationary, slowing the pace at which the Federal Reserve cuts interest rates. On the other hand, the new administration’s tax policy and deregulation could unlock deals and encourage new projects.AFFORDABILITY: Housing economists predict there will be more listings in the new year, along with more newly built homes, as builders ramp up their pipelines to meet demand. However, while housing prices aren’t surging as rapidly has they have been, affordability continues to be a challenge across the nation with elevated prices and high interest rates — although inventory is growing stale in some once-hot markets.OFFICES: The office sector still faces a …
See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your investor friends.