2025 could be one of the worst years for home sales in the U.S.

Mark White, CEO of Mark White and Associates in Metro Detroit, explains what he calls a Catch 22 because sellers are usually buyers as well. He also describes the sticker shock.

“A home buyer who maybe wants to upsize, maybe they want more space, but when prices are at record highs and their mortgage rate is more than double what they’re currently paying, to get into the next size home for their family, it’s a huge sticker shock on the jump in monthly payments,” White said.

White recommends making a plan with a real estate professional in order to find the right home.