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January 27 2025

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Reef Daily | January 27 2025

Housing Market Update

Latest Market Data (January 27, 2025) National house prices grew modestly with a 0.1% month-over-month increase and 3.9% year-over-year growth in December 2024. Total housing starts decreased by 1.8% in November, primarily driven by a sharp 28.8% decline in multifamily construction. Home prices are now 54.8% higher compared to pre-pandemic levels.

Regional Price Variations

  • Anaheim, CA led with 6.1% price growth
  • Cambridge, MA followed at 6.0%
  • Pittsburgh showed 5.8% growth
  • Tampa, FL experienced the largest decrease at -4.6%

Mortgage Rates

Current rates as of January 27, 2025:

Type Today's Rate Last Week's Rate
30-year fixed 7.04% 7.11%
15-year fixed 6.32% 6.39%
5/1 ARM 6.47% 6.56%

Future Forecasts The Federal Reserve's upcoming meeting this week could influence rate movements, though no immediate changes are expected. Experts predict rates will likely remain in the 6.5-7% range throughout 2025.

Notable Transactions

Commercial Highlights Two Columbia apartment communities sold: Austin Woods (240 units) and Mallard Pointe (120 units). In NYC, American Exchange Group acquired the 464,951-square-foot Lefcourt State Building for $170.4 million.

Regional Activity In Florida's Sarasota-Manatee region, median home prices adjusted downward with Sarasota County at $505,000 and Manatee County at $499,875.

Market Indicators

Inventory Trends Limited housing inventory continues to be a significant factor driving prices higher, with some markets showing increased competition.

Commercial Sector Outlook The global commercial real estate market is projected to grow by $427.3 billion from 2025-2029, with a CAGR of 4.6%.

Regional Developments

West Dallas leads the nation's hotel construction pipeline with 204 projects totaling 23,669 rooms under development.

South Atlanta follows Dallas in hotel development with 168 projects totaling 19,431 rooms.

Northeast New York City experienced significant office transactions, including the $170.4 million sale of the Lefcourt State Building.

Sources

  1. stocktitan.net
  2. hotelmanagement-network.com
  3. noradarealestate.com
  4. columbiabusinessreport.com
  5. noradarealestate.com
  6. newsweek.com
  7. finance.yahoo.com
  8. marketscreener.com
  9. neworleanscitybusiness.com
  10. noradarealestate.com
  11. cnn.com
  12. justsecurity.org
  13. nytimes.com
  14. marketscreener.com
  15. scotsmanguide.com
  16. newsday.com
  17. noradarealestate.com
  18. businessinsider.com
  19. marketwatch.com
  20. noradarealestate.com
  21. finance.yahoo.com
  22. investopedia.com
  23. investopedia.com
  24. commercialsearch.com
  25. atlantaregional.org
  26. srqmagazine.com
  27. prnewswire.com
  28. arabcenterdc.org
  29. indexbox.io
  30. floridatrend.com
  31. statista.com
  32. coxautoinc.com
  33. globenewswire.com
  34. investopedia.com
  35. morningstar.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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