Here is your real estate market update and the top real estate news for April 23, 2025:
Top Real Estate News (April 23, 2025):
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Homebuilders Report Stronger Sales in April: National builders, including Lennar and D.R. Horton, have reported stronger-than-expected new home sales this month. Incentives like rate buy-downs and flexible financing are attracting buyers despite affordability challenges.
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Mortgage Delinquencies Remain Low: A new CoreLogic report shows mortgage delinquency rates remain at near-record lows, reflecting a resilient job market and stable household finances.
Mortgage Rates (April 23, 2025):
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30-Year Fixed: 6.76%
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15-Year Fixed: 6.12%
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Jumbo 30-Year Fixed: 6.95%
10-Year Treasury Yield (April 23, 2025):
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Closed at 4.18%
(The yield rose slightly as investors prepare for key economic data and earnings reports later this week.)
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
