Here is your real estate market update and the top real estate news for May 12th, 2025:
Top Real Estate News (May 12, 2025):
Sellers Returning to the Market as Confidence Builds: Realtor.com reported a 7% increase in new listings week-over-week, the largest jump in two months. This trend is driven by expectations of sustained buyer demand and potential summer rate relief.
Builders Face Rising Labor Costs: A new NAHB report highlights continued increases in construction labor expenses, which may limit affordability gains from growing inventory.
Mortgage Rates (May 12, 2025):
30-Year Fixed: 6.68%
15-Year Fixed: 6.04%
Jumbo 30-Year Fixed: 6.86%
10-Year Treasury Yield (May 12, 2025):
Closed at 4.07%
(The yield dipped slightly as markets remain cautious ahead of this week’s CPI and PPI inflation reports.)
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
