Real Estate News 02/21/2025

Today’s News Synopsis:

In The News:

CNBC – “Here’s what happens if Fannie Mae and Freddie Mac go private“ (02-19-25)

“Fannie Mae and Freddie Mac, two pillars of the U.S. mortgage market, are currently controlled by the federal government. Some in Washington, D.C. expect President Trump to push for the end of their conservatorship.“

Redfin – “Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low” (02-18-2025)

“The percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low, as the total number of all-cash purchases dropped to its lowest level in a decade. Florida homebuyers were most likely to pay cash.”

Yahoo Finance –  “Americans have always sought debt relief after the holidays. Now their struggle is year-round.“(02-16-25)

“Overall household debt climbed to a new high of $18.04 trillion in the fourth quarter, the New York Fed reported.”

NAR – “Things Are Looking Up” (02-18-25)

“With rates and prices stabilizing, home sales will continue the upward trajectory that started in the final months of 2024.”

FOX Business – “These housing markets were the hottest in January, according to Realtor.com” (02-20-25)

“Realtor.com put out a report last week identifying January’s “hottest” real estate markets across the country, looking at unique views that properties drew on its site for demand and how long listings were live for each of the markets. ”