HousingWire

9 hours ago | housingwire.com | Jeff Andrews

s this changing the housing market in the nation’s capital? Altos data suggests the dynamic in Washington has shifted since the beginning of Trump’s second term. As things stand, housing supply in Washington is rising rapidly. After years of stagnant inventory, the weekly average of homes for sale is up 34.8% year over year, while new listings have spiked by 9.3% on a 90-day rolling basis.

14 hours ago | housingwire.com | Jeff Andrews

Sales in a single month tend to be initiated in the preceding months, so some percentage of March sales may not have been affected by the market turmoil that occurred in April. But existing-home sales figures may be an early sign that homebuyers are reluctant to make big purchases with a cloudy macroeconomic outlook. “Uncertainty and anxiety are going to cloud the spring housing market this year,” Bright MLS chief economist Lisa Sturtevant said in a statement.

1 day ago | housingwire.com | Jeff Andrews

“The defendants in this case unlawfully lined their pockets at the expense of New Jersey renters who struggled to pay the increasingly unlivable price levels imposed by this cartel,” Platkin said in a statement. “Today we’re holding them accountable for unlawful conduct that fueled the state’s affordable housing crisis and deprived New Jerseyans of their fundamental right to shelter.”RealPage did not respond to a request for comment.

1 day ago | housingwire.com | Jeff Andrews

“Housing demand is surprisingly stable given the macro headwinds, and unless rates spike again we expect 2025 to finish with more new home sales than last year,” Zillow senior economist Orphe Divounguy said in a statement. “Despite economic jitters and a cooling labor market, the spring housing market is more active than last year. Lower mortgage rates compared to last year are helping to keep the momentum alive.”There’s good news for homebuyers in the report as well.

2 days ago | housingwire.com | Jeff Andrews

Rising supply without a response in demand suggests that Texas markets could get worse before they get better. Texas is already experiencing downward press on prices, according to data from Altos. In March, single-family homes sold for less than the asking price by 10.5% in San Antonio, 10.1% in Dallas and 4.4% in Houston. Those gaps are the most of the 50 markets HousingWire analyzed. There are a number of macroeconomic conditions that could explain why this is happening.