Morning Roundup (3/25/25) – New Home Sales
| Good Morning! Today is Tuesday, March 25. Settlers in the West Bank attacked the Palestinian director of the Oscar-winning documentary “No Other Land.” Defense Secretary Pete Hegseth allegedly texted plans for military strikes in a group chat that included a journalist. The Justice Department refused to give a federal judge details about two flights that deported Venezuelan immigrants. The Mortgage Note Reports Sales Turnaround: New home sales reversed an early-year slowdown in February as better weather and stabilizing rates tempted buyers. NSA Index: Home price appreciation gained steam in January despite a demand slowdown in the last half of 2024. |
| Quote Of The Day “Despite near-term softness, the S&P CoreLogic Case-Shiller Index remains historically elevated, and long-term homeowners have continued to build equity. The current cycle reinforces the value of real estate as a long-duration asset, but also highlights how sensitive home prices are to changes in financing conditions and buyer affordability.” Nicholas Godec, S&P Dow Jones Indices |
| Do you like receiving this newsletter? Forward it to a friend so they can sign up! |
In other mortgage and housing news… Best Of The Best: Veterans United Home Loans topped the list as the #1 VA loan lender in America last year, beating out UWM. “Confidence Evaporating”: Americans might be losing hope in Donald Trump’s impact on housing as households prepare for rent and mortgage rate hikes. Housing For Teachers: The San Jose public school district is moving ahead with plans to build housing for its employees. Company News: CoreLogic is rebranding to Cotality; Cornerstone Capital Bank launched two joint venture companies with homebuilders in Texas and North Carolina. Case Closed?: Investigators spent years probing two cases of housing discrimination in Houston, TX, after Hurricane Harvey, only to suddenly reverse course under Trump. |