Real Estate News and Auction

A well-written open letter from Greg Hague

Historical Rates Chart

A new report from the Wall Street Journal shows that home sales in the U.S. just collapsed to the lowest level since 2009. This indicates reduced homebuyer demand and increased risk of a housing market correction.

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Home sales in March 2025 fell 5.9% from the previous month and by over 2% from the previous year. Demand in the housing market keeps declining in 2025, pushing downward pressure on home prices. Values are going down most in states like Florida, Arizona, Colorado, and California, due to a big increase in homes for sale.
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Realtor.com CEO Damian Eales recently weighed in on what measures are needed to address America’s housing crisis, taking particular aim at over-regulation.

Cotality’s national Home Value Index recorded a third straight month of growth in April, with dwelling values up 0.3% to a new record high.  The rise in values has added approximately $2,720 to the median value of an Australian dwelling over the month.

Completed foreclosure auctions reach their highest level since the second quarter of 2023, with scheduled future sales rising 14%, Auction.com said.

💫 Sales Price to List Price: https://bit.ly/listtosalesratio
✨ Listing Success Rate: https://bit.ly/listingsuccess
🏡 Contract Ratio: https://bit.ly/contractratios

A new low in the phoenix real estate market. A number we haven't seen in 16 years! If you've been watching my videos, you know that prices have officially come down in the Phoenix housing market. With that, we are also seeing other market indicators trending downward. What's next for the Phoenix housing market as we get into summer?

Interest rates may have sidelined some buyers, but the real question is what are experts saying about home prices?

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List prices are rising more than twice as fast as sale prices — a sign that homebuyers and sellers are out of sync.

Multiple big players are lobbing accusations, epithets, and retaliatory measures. For some, it's like watching bullies fight.

A sell-off is underway in Phoenix, real estate analyst Nick Gerli has said, as new inventory flooding the market finds no buyers.

HousingWire surveyed real estate agents on post-settlement commission changes. The results indicate not much has changed.

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Home prices are starting to crack and we're seeing this in some other major metros in addition to Phoenix, Arizona. This is increasing affordability for buyers while mortgage rates have moved downward slightly as well. What will the future hold for home prices as we get into a slower summer market? If you are thinking of selling your home, the market is not as strong as it once was, and the Cromford report is anticipating further home price deterioration.

On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about how the trade war is impacting mortgage rates and what to expect next.

Related to this episode:
⁠⁠Are trade deals good for mortgage rates | HousingWire⁠⁠
https://www.housingwire.com/articles/are-trade-deals-good-for-mortgage-rates/

Enjoy the episode!

The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio.