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January 20 2025
Reef Daily
Reef Daily | January 20 2025
Housing Market Update
Latest Market Data (January 20, 2025)
- McKinney, TX housing market saw a 31% year-over-year increase in home sales during December, with over 230 homes sold
- Days on market increased across all ZIP codes in McKinney, with the 75070 ZIP code seeing the largest increase of 85% compared to December 2023
- Median sales prices in McKinney's 75070 and 75069 ZIP codes increased by 13% and 11% respectively year-over-year
Mortgage Rates
Current rates as of January 20, 2025:
Type | Today's Rate | Last Week's Rate |
---|---|---|
30-year fixed | 7.11% | 7.06% |
15-year fixed | 6.39% | 6.35% |
5/1 ARM | 6.56% | 6.49% |
Future Forecasts
- Rates may rise further due to potential inflationary pressures from incoming Trump administration policies
- FHA and VA loans remain competitive at 6.29% and 6.06% respectively
Notable Transactions
Commercial Highlights
- Erie County: Oaks at South Park luxury apartment complex sold for $33.5 million to National Property Management Associates
- Seneca Mall property in West Seneca sold in two transactions totaling $21.81 million
- Town of Amherst purchased former Buffalo Gun Club property for $5.73 million
Regional Activity West
- UCLA Health acquired West Valley Medical Portfolio in West Hills, California
Market Indicators
Inventory Trends
- National inventory levels reached 128,000 properties at year-end, up 7.8% from 2023 but still below historical average of 150,000
- New listings decreased 1.7% month-over-month nationwide
Regional Developments
Northeast
- Connecticut real estate market showing mixed momentum amid high mortgage rates
South
- McKinney, TX seeing significant year-over-year growth in home sales and prices
West
- UCLA Health expanding medical office portfolio in West Hills area
Sources
- noradarealestate.com
- communityimpact.com
- cnet.com
- canada.constructconnect.com
- pagosadailypost.com
- bizjournals.com
- financefeeds.com
- aol.com
- aol.com
- pagosadailypost.com
- editorji.com
- njbiz.com
- vicksburgpost.com
- newsweek.com
- ctinsider.com
- marketscreener.com
- financefeeds.com
- weforum.org
- businessinsider.com
- nj.com
- reuters.com
- worldpropertyjournal.com
- datacenterfrontier.com
- finance.yahoo.com
- communityimpact.com
- novascotia.ca
- housingwire.com
- morningagclips.com
- reuters.com
- blueseatblogs.com
- greenwichtime.com
- cnet.com
- en.people.cn
- towardsdatascience.com
- bloomberg.com
- ca.news.yahoo.com
- independent.com
- bankrate.com
- finance.yahoo.com
- noradarealestate.com
- cnet.com
- fortune.com
- communityimpact.com
- inman.com
- eastcobbnews.com
- financialsamurai.com
- dentons.com
- jdsupra.com
- middletownpress.com
- rebusinessonline.com
- shoppingcenterbusiness.com
- bizjournals.com
- wjno.iheart.com
- commercialsearch.com
- alternativeswatch.com
- globalpropertyguide.com
- techafricanews.com
- newsweek.com
- eeas.europa.eu
- be3.sk
- reuters.com
- pcpatriot.com
- einnews.com
- thelawyer.com
- seatrade-cruise.com
- kurdistan24.net
- globenewswire.com
- aol.com
- spglobal.com
- ec.europa.eu
- eyeonhousing.org
- nj.com
- wcmessenger.com
- fanack.com
- nytimes.com
This newsletter is for informational purposes only and should not be considered as financial advice.
© 2025 Reef Insights. All rights reserved.
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