Real Estate News 01/22/2025

Today’s News Synopsis:

In The News:

The Mortgage Point – “Will Trump’s ‘Golden Age of America’ Address Housing Market Challenges?“ (01-21-25)

“Just hours after returning to the White House, Trump revoked 78 policies signed under President Joe Biden’s term through executive orders, a number of which will impact the housing industry.”

LA Times – “Apartment Industry Leaders Launch Pledge for Action to Restore Los Angeles” (01-21-2025)

“A group of 15 leading multifamily firms and commercial real estate industry groups have quickly banded together to support residents and rebuild Los Angeles following the devastating wildfires that struck the city the week of Jan. 7, 2025.”

CNET –  “2025 Mortgage Rate Forecast: What Another Trump Presidency Means for Rates”(01-21-25)

“Homeownership remains a challenge as average mortgage rates hover north of 7%, home prices refuse to ease and an inventory shortage locks out buyers.”

Realtor.com –  “U.S. Home Prices Rose 0.4% in December“ (01-21-25)

“U.S. home prices rose 0.4% from a month earlier in December on a seasonally adjusted basis, slightly slower than the 0.5% growth posted in November.”

Yahoo Finance –  “Everyday prices keep climbing, even amid steadier overall inflation” (01-16-2025)

“Inflation is doing what economists expect, rising 2.9% in December while slowing slightly for the first time in months when volatile categories like food and gas are excluded.”