Real Estate News 02/19/2025

Today’s News Synopsis:

In The News:

CSB News – “What’s the mortgage rate forecast for March 2025?“ (02-18-25)

“Eager homebuyers want to know what will happen to mortgage rates, but what happens next will always have some level of unpredictability. “

Bankrate – “What the real estate commission changes mean for homebuyers and sellers” (02-12-2025)

“The National Association of Realtors (NAR) agreed to new rules around real estate agent commissions as part of a landmark lawsuit settlement in March 2024. The new rules rolled out in August — along with a deluge of confusion and conflicting predictions.”

Redfin –  “U.S. Home Prices Grew 0.6% in January“(02-18-25)

“U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three months prior.”

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

“NAR has identified areas with the highest deficit of homes using the quarterly Housing Shortage Tracker index, which calculates how many new building permits are issued for every new job created in selected major metropolitan areas across the country. ”

CNBC – “Unemployment spikes in Washington, D.C., as Trump and Musk begin efforts to shrink the government” (02-15-25)

“Jobless filings in Washington, D.C., surged to 1,780 for the week ending Feb. 8, a 36% increase from the prior week.”