Here is your real estate market update and the top real estate news for April 29, 2025:
Top Real Estate News (April 29, 2025):
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New Home Sales Rise in March: The U.S. Census Bureau reported a 4.8% increase in new home sales last month, beating forecasts. Builders continue to attract buyers with incentives, especially in the South and West.
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Buyers Watching Fed Closely Ahead of May Meeting: With inflation data due this week, many buyers are holding off in hopes that clearer signals about rate cuts will emerge.
Mortgage Rates (April 29, 2025):
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30-Year Fixed: 6.79%
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15-Year Fixed: 6.15%
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Jumbo 30-Year Fixed: 6.97%
10-Year Treasury Yield (April 29, 2025):
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Closed at 4.19%
(The yield was flat as markets await the Fed’s decision and upcoming inflation indicators.)
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
