Builder and Developer

3 days ago | bdmag.com | Karla Valdez

The mid-2025 housing and economic outlook is shaped not only by typical factors like mortgage rates and inflation but also by growing concerns over national debt, rising interest rates, and inconsistent tariff policies. Despite a sluggish resale market due to high prices and limited supply, new home sales have surged, as builders adapt by offering lower-priced homes and incentives to attract hesitant buyers.

3 days ago | bdmag.com | Karla Valdez

In April 2025, home price growth slowed to just 2%, the lowest rate in over a decade, as concerns about finances, jobs, and tariffs dampened the housing market. While demand remains challenged, increased housing supply is helping to stabilize prices, which are now more in line with pre-pandemic trends. Some regions, like New York and Vermont, saw notable price declines, and several states—including Hawaii, Florida, Texas, and Washington D.C.—reported negative annual growth. Read More

3 days ago | bdmag.com | Karla Valdez

Mortgage applications dropped by 5.5% in May, mainly due to a sharp decline in refinancing activity, according to the Mortgage Bankers Association. While overall application volume is still 23.7% higher than a year ago, the average 30-year fixed mortgage rate rose to 6.9%. Purchase applications showed slight growth, but refinancing fell by 13.7% month-over-month despite being significantly higher than last year. Read More

3 days ago | bdmag.com | Karla Valdez

In the first quarter of 2025, U.S. home prices continued to rise, with the national median reaching $402,300—a 3.4% increase from the previous year. Monthly mortgage payments also grew to $2,120, while mortgage rates edged up to 6.90%. Though median family incomes have increased, affordability remains a concern, making it important for buyers to consider local price trends and income requirements when evaluating where they can afford to live. Read More

3 days ago | bdmag.com | Karla Valdez

In recent years, homebuyers have struggled with a challenging housing market marked by high prices and elevated mortgage rates, causing many to delay purchasing. Economic uncertainty and stagnant market conditions have further reduced buyer confidence, leading experts to predict a slow spring season. Although more homes are becoming available, demand remains low, keeping sales sluggish.