Real Estate News 12/27/2024

Today’s News Synopsis:

In The News:

Redfin – “Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year“ (12-27-24)

“Active listings are rising in part because many homes are lingering on the market, causing supply to pile up.”

Forbes- “2025 Outlook: 5 Trends That Will Impact The Economy And Markets“ (12-23-2024)

“Five trends will impact the U.S. economy and financial markets in 2025, including jobs, consumption, growth, inflation, and interest rates. While 2024 was a solid year, there are reasons to be optimistic about the 2025 outlook.”

Yahoo Finance –  “2025 financial forecast: What to expect in mortgages, investing, banking, and credit cards.“(12-21-24)

“The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery from the pandemic, what will 2025 hold?”

NBC Bay Area –  “California approves new insurance changes in hopes of stabilizing the market” (12-13-24)

“Friday, the state’s Department of Insurance says it got a major procedural green light to make some changes that might entice insurance companies to stop dropping people’s policies and possibly resume selling homeowners coverage. ”

NAR –  “More Home Buyers Expect Rosier 2025 Housing Outlook” (12-13-24)

“Leading economists weigh in at NAR’s Real Estate Forecast Summit on what to expect for home sales, mortgage rates, home prices and more in the year ahead.”