Top of Mind Home price signals continue to weaken for 2025 (3/31/2025 Market Update)
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Apr 1, 2025 The podcast dives into the evolving U.S. housing market as spring 2025 unfolds. Increased home supply contrasts with modest sales, raising questions about price stability. The conversation highlights how stable mortgage rates have sparked a small growth in sales, despite looming economic concerns. Listeners will discover the delicate balance between rising listings and the downward pressure on home prices, while reflecting on how these trends differ from past market crises.
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Spring Housing Market Trends
- Three big trends are shaping this spring's housing market: growing supply, increasing sales, and softening prices.
- Although sales are up, supply is outpacing demand, indicating potential price declines soon.
Home Price Analysis
- The median price of pending home sales is only slightly above last year, suggesting a potential shift to negative price growth.
- This multi-year slowdown contrasts with a rapid crash, as price pressures gradually increase.
Price Reduction Trend
- An increasing number of homes are taking price cuts, a bearish signal for future sales prices.
- This trend, combined with growing supply and weak demand, puts downward pressure on home prices in the coming months.