Real Estate News 03/25/2025

Today’s News Synopsis:

In The News:

Redfin News – “Gen Z and Millennial Homeownership Rates Flatlined in 2024 As Housing Costs Soared“ (03-24-25)

“Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when they were 27. “

Yahoo Finance – “Mortgage rates remain near 6.7% as Fed flags growing economic uncertainty” (03-21-2025)

“Lower Treasury yields after Wednesday’s Fed meeting may help rates drift lower.”

HousingWire –  “‘First-time homebuyers becoming first-time home sellers” (03-21-25)

“Many who bought during the pandemic are now rethinking their decisions, citing changing lifestyles, financial miscalculations, and shifting market conditions, according to new data from Opendoor.”

CRE Daily – “Will Developing Federal Land Fix US Housing Shortage?” (03-17-25)

“President Trump proposed using federal land to build new homes to help ease the ongoing US housing shortage. But what about logistics?”

CNBC – “The probability of a recession is approaching 50%, Deutsche markets survey finds” (03-24-2025)

“Chances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S. economy.”