The busiest season for the housing market, Spring, is nuanced and complex in 2025. This Spring, things were looking to be stronger than 2024. In the RiskWire Webcast episode thirty-five, Chief Economist Eric Fox and Sr. Research Economist Reena Agrawal discuss these nuances and compare this year’s Spring market to years past. Veros’ Economists also discuss the importance of not putting all your eggs in one basket, specifically when it comes to the national headlines. Although it’s important to know, it’s also essential to understand the regional differences. Here are a few highlights:
Episode Highlights:
- Buyers and existing homeowners seemed to be more accepting of mortgage rates (6.6%), ready to move forward with their lives and purchasing plans. However, in the second week of April, rates jumped 20 basis points, resulting in an 8% decline in mortgage purchase applications.
- Current data on consumer sentiment is troubling. Persistent inflation, growing financial concerns, and a weaker job market all affect potential homebuyers’ plans.
- Veros’ Economists expect more buyers to explore adjustable-rate mortgages to secure lower initial interest rates.
- National headlines aren’t the whole story! Regional differences occur throughout the country, with the Northeast and Midwest representing the stronger markets and the Texas and Florida markets rounding out the weaker side.
Learn more about the 2025 Spring Housing Market in episode thirty-five of the RiskWire Webcast today: Webcast & Interviews – RiskWire, powered by Veros
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