January 31 2025
Reef Daily
Reef Daily | January 31 2025
Housing Market Update
Latest Market Data (January 31, 2025)
- Nearly half of American homeowners were "equity rich" in Q4 2024, meaning they owed less than half of their home's value
- New home sales increased 3.6% in December, with the median sales price at $427,000, up 2.1% year-over-year
- The PCE price index rose to 2.6% in December, up from 2.4% in November, indicating persistent inflation pressures
Construction Activity
- The Bay Area's life science market ended 2024 with 1.9M SF in leasing activity, with the San Francisco Peninsula accounting for 86% of total volume
- Austin commercial developers reported 11.92 million square feet under development or delivered during 2024
Mortgage Rates
Current rates as of January 31, 2025:
Type | Today's Rate | Last Week's Rate |
---|---|---|
30-year fixed | 6.96% | 7.01% |
15-year fixed | 6.20% | 6.27% |
5/1 ARM | 6.31% | 6.52% |
Notable Transactions
Commercial Highlights
- Wheeling Service Center LLC purchased a medical office property in Denver for $2.51M
- Sach Futures LLC acquired a Brakes Plus location in Parker for $3.33M
- Black & Read leased 16,607 square feet in Arvada in a former Dollar General location
Regional Activity South: Florida experiencing significant inventory surge with active listings in Broward County up 33.2% year-over-year West: Bay Area seeing strong life science leasing momentum Midwest: Adams County, Illinois reported multiple residential transactions ranging from $25,000 to $350,000
Market Indicators
Inventory Trends
- Florida statewide inventory increased 22.7% year-over-year to 196,965 homes
- Broward County active listings increased 33.2% year-over-year to 4,719 units
Price Trends
- Florida median home price stands at $411,100
- Palm Beach County saw an 8% price increase compared to previous year
Regional Developments
South Florida market showing signs of adjustment with increasing inventory and seller activity, particularly in South Florida markets
West Bay Area commercial real estate showing strength in specialized sectors, particularly life science spaces
Northeast Vermont, New Hampshire, and Maine reported highest levels of home equity nationwide
Sources
- newsweek.com
- investopedia.com
- wolfstreet.com
- financialmirror.com
- muddyrivernews.com
- bizjournals.com
- newsweek.com
- americanchemistry.com
- noradarealestate.com
- globest.com
- washingtoncountyinsider.com
- utilitydive.com
- businessden.com
- costar.com
- northplattepost.com
- reuters.com
- reuters.com
- kshb.com
- cnbc.com
- cnn.com
- bizjournals.com
- linas.substack.com
- hindustantimes.com
- finance.yahoo.com
- noradarealestate.com
- unionprogress.com
- investopedia.com
- noradarealestate.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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