Regarding employment, low unemployment levels are predicted to persist, with growth in healthcare, technology, defense, and energy sectors, while retail, government, and professional services may see a decline. In the housing market, Redfin predicts a 4% increase in home prices, indicating a slowdown, while rental prices are expected to remain stable. However, potential tariff increases under a Trump presidency could raise homeownership costs.
Key takeaways:
- The S&P 500 is expected to continue rising in 2025, with predictions ranging from 6,500 to 7,000.
- AI technology is anticipated to become more prevalent in workplaces, though concerns about AI-related scams and a potential bubble persist.
- Job growth is expected in healthcare, technology, defense, and energy sectors, while retail, government, and professional services may see a decline.
- Home prices are predicted to increase by 4% in 2025, but tariffs on foreign goods could raise the cost of homeownership.