Housing Market Update and Economic News: May 2, 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

• Housing Trends – The FHA reversed a restriction on foreclosed home sales, allowing earlier access for buyers and boosting available inventory.
• Sales on the Rise – Pending home sales leapt 6.1% in March—the largest monthly gain in over a year—as falling mortgage rates and a robust job market attracted more buyers.
• Mortgage Rates Ride the Wave – Although early-April tariff announcements caused notable volatility, rates ultimately ended the month only marginally above their starting point.

Economic Insights

• Spending Surged Pre-Tariffs – Shoppers hurried to make purchases ahead of impending tariffs, resulting in the strongest monthly consumer spending gain in over two years.
• Inflation Takes a Breather – For the first time in a year, inflation flatlined in March, with the Fed’s PCE index showing its calmest performance in nearly five years.
• Job Growth Slows – Private employers added only 62,000 jobs in April as tariff-related concerns led many businesses to slow down hiring.

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.

“In a time of turbulence and change, it is more true than ever that knowledge is power.”
–John F. Kennedy

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