Here is your real estate market update and the top real estate news for April 28, 2025:
Top Real Estate News (April 28, 2025):
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Home Prices Continue Steady Climb Ahead of Summer: According to Zillow, national home prices rose 0.5% in March and early April, driven by limited supply and resilient buyer demand, especially in affordable and mid-range markets.
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More Sellers Offer Rate Buy-Downs: Redfin reports that about 18% of sellers are now offering mortgage rate buy-down incentives to attract rate-sensitive buyers.
Mortgage Rates (April 28, 2025):
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30-Year Fixed: 6.78%
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15-Year Fixed: 6.14%
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Jumbo 30-Year Fixed: 6.96%
10-Year Treasury Yield (April 28, 2025):
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Closed at 4.18%
(The yield stayed steady as investors await key inflation data due 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
