In Redfin's 2025 prediction report, analysts say natural disasters could start pushing down home prices in some states.
Natural disasters are likely to contribute to lower home prices in Florida, Texas and California next year, according to a new Redfin report.In Redfin's 2025 prediction report, analysts say the higher occurrence of natural disasters in these states could start depressing home prices, particularly in coastal Florida and hurricane-prone parts of Texas.
'I don't see this as a major area of change for 2025 as inventory still remains relatively low so options are fewer than ideal.'Across the country, Redfin economists predict the median U.S. home-sale price to grow steadily throughout 2025, ending the year 4 percent higher than in 2024.And despite what is likely to be stubbornly high interest rates, home sales are anticipated to climb between 2 and 9 percent in 2025.
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