Here is your real estate market update and the top real estate news for April 18, 2025:
Top Real Estate News (April 18, 2025):
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Existing Home Sales Dip in March Amid Low Inventory: The National Association of Realtors reported a 2.1% decline in existing home sales for March. Limited inventory remains the primary constraint, though demand is steady in many markets.
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Fed Officials Urge Patience on Rate Cuts: Several Federal Reserve policymakers cautioned against expecting near-term interest rate reductions, citing ongoing inflation concerns. This tempered market optimism and nudged mortgage rates slightly higher.
Mortgage Rates (April 18, 2025):
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30-Year Fixed: 6.71%
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15-Year Fixed: 6.07%
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Jumbo 30-Year Fixed: 6.90%
10-Year Treasury Yield (April 18, 2025):
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Closed at 4.13%
(The yield rose modestly following hawkish commentary from Fed officials and lower-than-expected home sales data.)
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
See you tomorrow for more real estate news!
Chris
