Top of Mind Why April home sales are ahead of last year (4/21/25 Market Update)
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Apr 22, 2025 The podcast dives into the current trends shaping the U.S. housing market. It highlights the unexpected rise in April home sales compared to last year. Listeners learn about unsold homes and regional discrepancies in the market. The discussion also touches on mortgage rates and pending home sales, offering insights that are crucial for homebuyers and real estate professionals. An upcoming webinar is promoted for those wanting deeper analysis of real estate data.
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Lower Mortgage Rates Boost Sales
- Mortgage rates are lower than last year, making typical mortgage payments about 3% cheaper now.
- This drives April home sales to slightly outpace last year despite market volatility.
Florida's Market Weakness
- Florida's housing market is weak, with 10% fewer weekly pending sales than last year.
- Condos in Florida face even greater sales declines compared to single-family homes.
Rising Inventory Boosts Sales
- Inventory of unsold homes has grown sharply with the biggest weekly gain in three years.
- This expansion in supply enables more sales and reduces upward price pressure.