Real Estate News 02/17/2025

Today’s News Synopsis:

In The News:

Redfin – “Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines“ (02-13-25)

“In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans due to uncertainty about their jobs. “

USA Today – “Trump’s plan to free Fannie Mae and Freddie Mac might change housing market for the better” (02-16-2025)

“One of the Trump White House’s key policy reforms may be something that touches the lives of millions of Americans – but few know about.”

CBS News –  “How much does a $90,000 home equity loan cost monthly in 2025?“(02-14-25)

“With homeowners averaging $320K in equity, a $100K home equity loan is easier to get than a personal loan or credit line—while still keeping equity for future needs.”

NAR – “Housing Shortage Tracker: Insights From the Final Quarter of 2024” (02-12-25)

“NAR’s Housing Shortage Tracker shows where home deficits are highest by comparing new building permits to job growth. A high index means more jobs than homes—ideally, one permit per two jobs.”

Yahoo Finance – “Retail sales see biggest drop in a year to start 2025” (02-14-25)

“Headline retail sales fell 0.9% in January, more than the 0.2% decline economists had expected, according to Bloomberg data. This marked the largest month-over-month decline in retail sales since January 2024.”

CNBC – “The top 10 U.S. cities New Yorkers want to move to most—3 are in Florida: ‘The snowbird cliché comes to mind,’ expert says” (02-13-25)

“StreetEasy analyzed Zillow data on for-sale home listings across the United States from January to December 2024. The data was grouped by the listing’s metro area and the user’s apparent location.”