First-Time Buyer FAQs: Market Predictions, Interest Rates, and Down Payments

In this episode of RE radar, I’m diving into the most pressing questions from first-time home buyers, sourced directly from my Instagram poll. We’re exploring some big topics, starting with what Seattle's real estate market might look like in 2025. I’ll break down the key factors that influence interest rates, why we’re likely to stay in a seller’s market, and my predictions for where rates will land next year.

From there, we’ll cover the best and worst times of year to buy a home, including tips on how seasonality impacts pricing, inventory, and competition. Finally, I tackle the age-old question: 'Do I really need a 20% down payment?' Spoiler alert: No, you don’t! I’ll explain alternative options, like FHA loans and low-down-payment programs, and give advice on how to weigh the benefits of buying now versus waiting. Whether you're planning to buy soon or just trying to make sense of the market, this episode is packed with insights and strategies to guide your home-buying journey.

 

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