Housing Market Update and Economic News: April 25, 2025

At Thompson Kane, we stay ahead of shifting market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates.

Housing Market Update

• Existing Home Sales Continue to Slide – Sales of previously owned homes fell by 5.9% in March, marking the largest monthly decline since late 2022. Despite the slowdown in activity, the median price rose to $403,700—a 2.7% year-over-year increase—suggesting continued competition for limited inventory in this segment.
• Buyers Shift Toward New Construction – In contrast, sales of newly built homes jumped 7.4% as buyers responded to a more favorable rate environment and a broader selection of available new properties.
• New Home Prices Reflect a Push for Affordability – The median price for new homes dropped to $403,600, a 7.5% decrease compared to last year. Builders are responding to affordability challenges by offering smaller, more budget-friendly models, which is reshaping pricing dynamics in the new construction market.

Economic Insights

• Fed Outlook Shows Regional Unease – The Federal Reserve’s Beige Book revealed cautious business sentiment, citing tariff-related uncertainty as a drag on regional economic expectations.
• Durable Goods Orders Climb – Orders for long-lasting manufactured products rose sharply by 9.2% in March. The surge was fueled by consumers and businesses making early purchases of high-cost items like cars and appliances in anticipation of tariff hikes.
• Jobless Claims Tick Up, Market Holds Steady – Initial unemployment claims inched up to 222,000. Despite this minor increase, companies are largely maintaining staffing levels amid broader economic and trade concerns.

Keeping you up-to-date with the constantly changing housing market via weekly updates

At Thompson Kane, we believe smart financial moves start with staying current. That’s why we share timely updates on housing trends, mortgage activity, and economic shifts—so you can make decisions with clarity and confidence. Whether you’re preparing to buy a home, running a real estate business, or simply keeping an eye on the market, we’ve got you covered. Keep up with our weekly insights right here on the Newsfeed, and join the conversation with us on Facebook. We’re here to be a reliable resource on your path forward.

“The wise man bridges the gap by laying the plank of patience over the chasm of experience.”
–John Wolf

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