Here is your real estate market update and the top real estate news for May 21st, 2025:
Top Real Estate News (May 21, 2025):
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Mortgage Rate Drop Spurs Late-Spring Buyer Activity: Redfin reported a 6.3% increase in weekly pending home sales as mortgage rates hit their lowest point since January. Real estate agents are seeing renewed urgency among buyers hoping to lock in favorable terms.
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Price Growth Eases in High-Cost Markets: CoreLogic’s latest data shows price appreciation slowing in markets like San Francisco and Seattle, while more affordable cities continue to see strong gains.
Mortgage Rates (May 21, 2025):
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30-Year Fixed: 6.55%
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15-Year Fixed: 5.91%
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Jumbo 30-Year Fixed: 6.74%
10-Year Treasury Yield (May 21, 2025):
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Closed at 3.95%
(The yield declined again as investors maintain expectations for a Federal Reserve rate cut by late summer.)
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
