January 28 2025
Reef Daily
Reef Daily | January 28 2025
Housing Market Update
Our January 2025 Reef Report is now available! reefinsights.com/reports
Latest Market Data (January 28, 2025)
- FHFA House Price Index rose 0.3% in November, up 4.2% from previous year
- Case-Shiller National House Price Index increased 3.8% year-over-year in November
- One-third of homes currently on the market have experienced price reductions from initial listing prices
- New listings increased 4% compared to last year, with unsold new listings up 13%
- Total number of sellers has risen by 4% compared to 2024
Construction Activity New orders for manufactured durable goods decreased $6.3 billion or 2.2% to $276.1 billion in December
Mortgage Rates
Current rates as of January 28, 2025:
Type | Today's Rate | Last Week's Rate |
---|---|---|
30-year fixed | 7.05% | 7.11% |
15-year fixed | 6.34% | 6.41% |
5/1 ARM | 6.55% | 6.87% |
Future Forecasts Mortgage rates are anticipated to remain within the 6% range for most of 2025, with occasional fluctuations
Notable Transactions
Commercial Highlights
- CenterSquare Investment Management acquired Shoppes at Canterbury Glen in Rock Hill for $4.1 million
- DAMAC International launched The Delmore luxury condominium in Miami's Surfside area, with prices starting at $15 million
- Leifer Properties acquired 76,557 sq ft industrial property in Cocoa, Florida
Regional Activity
- Northeast: Home values continue to appreciate with inventory shortages
- South & West: Markets showing signs of price moderation with increased inventory
- Florida & Texas: Experiencing significant inventory increases, with 261,000 active listings combined
Market Indicators
Inventory Trends
- National inventory levels continue to rise with 13% more new listings remaining unsold compared to 2024
- Florida and Texas collectively showing 207% more active listings than the entire Northeast
Buyer Demographics Consumer confidence declined in January:
- Consumers under 55 showed decreased confidence
- Households earning over $125K reported sharpest decline in confidence
- Consumers at bottom income range reported strongest gains
Regional Developments
Northeast
- New York leads with highest annual price gain at 7.3%
- New England division saw 0.9% price growth
South
- East South Central division recorded -0.6% price change
- Tampa market experienced a 4.6% price decline
West
- Anaheim, California showed 6.1% year-over-year price growth
- Oakland experienced a -0.8% price decline
Midwest
- Chicago reported 6.2% annual price increase
- West North Central division saw 0.9% price growth
Sources
- newsweek.com
- fhfa.gov
- noradarealestate.com
- globenewswire.com
- bizjournals.com
- newsweek.com
- census.gov
- prnewswire.com
- marketscreener.com
- realtor.com
- finance.yahoo.com
- indexbox.io
- nhregister.com
- hindustantimes.com
- calculatedrisk.substack.com
- marketwatch.com
- realtor.com
- aol.com
- businessinsider.com
- financialpost.com
- investopedia.com
- finance.yahoo.com
- investopedia.com
- newsweek.com
- profilemiamire.com
- prnewswire.com
- spacecoastdaily.com
- arabnews.com
- islandfreepress.org
- stackedhomes.com
- businesswire.com
- scotsmanguide.com
- globenewswire.com
- reuters.com
- musicrow.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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