Real Estate News 04/22/2025

Today’s News Synopsis:

In The News:

Forbes– “White House Says It Will Seize Wages For Student Loans In Collection—Here’s What Borrowers Can Expect” (04-22-25)

“Debt collections will resume on May 5, when the Trump administration will restart the Treasury Offset Program that allows the government to withhold various federal payments—like tax refunds, federal salaries and Social Security payments—to those with federal debt.“

Redfin – “44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record“ (04-21-2025)

“Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter. That’s up from 39.3% a year earlier, and is just shy of the 45.1% record high at the start of 2023.”

Reuters –  “Powell says Fed remains in wait-and-see mode; markets processing policy shifts” (04-17-25)

“U.S. Federal Reserve Chair Jerome Powell said on Wednesday the Fed would wait for more data on the economy’s direction before changing interest rates, but cautioned that President Donald Trump’s tariff policies risked pushing inflation and employment further from the central bank’s goals.”

CBS News – “Will mortgage rates drop below 6% soon? Experts weigh in” (04-21-25)

“Mortgage rates tend to be at the front of the minds of homebuyers today. After all, interest rates — and mortgage rates in particular — have been stubbornly high over the past year, putting pressure on buyers and sidelining many homeowners who had hoped to refinance. ”