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February Home Sales Surge, Prices Jump 4.7% Nationwide
Home sales ticked up nationwide in February. And overall, prices keep climbing. A measure of prices across 20 cities rose 4.7% from a year earlier in January. New York had the highest annual gain, at 7.7%. Prices in Tampa fell 1.5%. (WSJ) 3/28/2025
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EB-5 Visa Program Set to Be Replaced by $5 Million GOLD Visa: What It Means for Real Estate and Demand
The EB-5 Visa program – that looks like it will be replaced with a GOLD VISA program in 2027 costing 5X as much is not a huge moneymaker – contributes about $5 billion to the $28 trillion U.S. economy. This is often a source of cheaper financing for real estate: 94% of these visas are…
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Equity Boosts Homeowners in the Market, While First-Time Buyers Deal with Affordability Issues
Homeowners who sell are often able to plow substantial amounts of equity into their next purchase, dulling the sting of trading a low mortgage rate for a higher one. It would be harder for first-time buyers. But incomes are growing, a positive sign for affordability, particularly in Sunbelt markets where prices are softening and builders…
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Positive Shift in Real Estate: Mortgage Rates Drop and Applications Surge
Some good real estate news: The average contract interest rate for 30-year fixed-rate mortgage with conforming loan balances decreased to 6.73% from 6.88%. Weekly mortgage application volume jumped 20.4% compared with the prior week, the first increase in 3 weeks, an outsized weekly move. (COMPASS) 3/6/2025





