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January 20 2025

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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

  1. noradarealestate.com
  2. communityimpact.com
  3. cnet.com
  4. canada.constructconnect.com
  5. pagosadailypost.com
  6. bizjournals.com
  7. financefeeds.com
  8. aol.com
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  10. pagosadailypost.com
  11. editorji.com
  12. njbiz.com
  13. vicksburgpost.com
  14. newsweek.com
  15. ctinsider.com
  16. marketscreener.com
  17. financefeeds.com
  18. weforum.org
  19. businessinsider.com
  20. nj.com
  21. reuters.com
  22. worldpropertyjournal.com
  23. datacenterfrontier.com
  24. finance.yahoo.com
  25. communityimpact.com
  26. novascotia.ca
  27. housingwire.com
  28. morningagclips.com
  29. reuters.com
  30. blueseatblogs.com
  31. greenwichtime.com
  32. cnet.com
  33. en.people.cn
  34. towardsdatascience.com
  35. bloomberg.com
  36. ca.news.yahoo.com
  37. independent.com
  38. bankrate.com
  39. finance.yahoo.com
  40. noradarealestate.com
  41. cnet.com
  42. fortune.com
  43. communityimpact.com
  44. inman.com
  45. eastcobbnews.com
  46. financialsamurai.com
  47. dentons.com
  48. jdsupra.com
  49. middletownpress.com
  50. rebusinessonline.com
  51. shoppingcenterbusiness.com
  52. bizjournals.com
  53. wjno.iheart.com
  54. commercialsearch.com
  55. alternativeswatch.com
  56. globalpropertyguide.com
  57. techafricanews.com
  58. newsweek.com
  59. eeas.europa.eu
  60. be3.sk
  61. reuters.com
  62. pcpatriot.com
  63. einnews.com
  64. thelawyer.com
  65. seatrade-cruise.com
  66. kurdistan24.net
  67. globenewswire.com
  68. aol.com
  69. spglobal.com
  70. ec.europa.eu
  71. eyeonhousing.org
  72. nj.com
  73. wcmessenger.com
  74. fanack.com
  75. 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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