Real Estate News 01/10/2025

Today’s News Synopsis:

In The News:

USA Today – “Zillow predicts hottest housing markets of 2025“ (01-10-25)

“Nationwide, Zillow forecasted relatively steady growth for both home values and sales in 2025 and inventory that should be recovering from the pandemic. However, mortgage rates are expected to remain somewhat volatile.”

CNN Business – “California’s insurance is in crisis. The solution will cost homeowners a ton“ (01-09-2025)

“To give California homeowners in high-risk areas an alternative to California FAIR, the California Department of Insurance just announced new regulations two weeks ago designed to get private insurers to start writing policies in fire-prone parts of the state. ”

Multifamily DIVE –  “Rent control, OZs, Section 8 and more: legislation to watch in 2025“(01-08-25)

“Federal, state and local legislatures introduced a tremendous amount of housing-related legislation over the past year, with hundreds of bills considered across the country and several passed into law. ”

CNN –  “Fed officials are worried about the inflation impacts from Trump’s policies, minutes show” (01-08-25)

“Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have on efforts to reduce it.”

NYTimes –  “30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July” (01-09-2025)

“The average rate on the 30-year mortgage, the most popular home loan in the United States, rose to 6.93 percent this week, Freddie Mac reported on Thursday, the highest since early July.”