Real Estate News 01/08/2025

Today’s News Synopsis:

In The News:

Redfin News – “More Than One-Third of Homeowners Say They’ll Never Sell“ (01-07-25)

“Broken down by generation, older homeowners are more likely than their younger counterparts to say they’ll never sell. More than two of every five (43%) baby boomer homeowners say they’ll never sell, compared to 34% of Gen X owners and 28% of millennial/Gen Z owners.”

Realtor.com – “Donald Trump Could Privatize Fannie Mae and Freddie Mac: What It Means for Your Mortgage“ (01-07-2025)

“Fannie Mae and Freddie Mac, the government-backed mortgage giants, could be headed for privatization under Donald Trump‘s second term, a move experts say might drive mortgage rates higher in a housing market already plagued by affordability challenges.”

HomeLight –  “What’s a Buyer Broker Agreement in California?“(01-06-25)

“This contract requirement is part of a nationwide change enacted in August. The new mandate is designed to add more transparency and shift key aspects of real estate transactions into the hands of buyers.”

CNET –  “Mortgage Rate News and Outlook for Week of Jan. 6-12, 2025” (01-06-25)

“The average rate for a 30-year fixed mortgage kicked off 2025 near 7%, just above where it was last January.”

NAR –  “Median Home Prices and Mortgage Payments by County” (01-07-2025)

“The interactive map above provides a visual representation of the median home prices for each county. Scroll over your desired regions to understand the range of median home values.”