Real Estate News 04/18/2025

Today’s News Synopsis:

In The News:

Reuters – “Fed’s Powell says markets orderly, downplays intervention risk” (04-17-25)

” Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced.“

Associated Press – “Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February” (04-18-2025)

“The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring homebuying season.”

Bloomberg –  “Trump Signs Executive Orders on Federal Purchasing, Office Space” (04-16-25)

“President Donald Trump has signed orders overhauling where and how the federal government spends taxpayer money, encouraging agencies to move out of downtown districts and requiring agencies to buy more off-the-shelf products..”

Redfin – “Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs” (04-17-25)

“Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13. That’s roughly the same as the increases we’ve seen over the past month, but down from 5% to 6% growth at the end of 2024 and the start of 2025. ”