Housing Market Update and Economic News: April 11, 2025

At Thompson Kane, we stay ahead of shifting market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates.

Housing Market Update

• Some markets return to normal inventory levels – New data from ICE reveals that over 25% of major U.S. housing markets have returned to pre-2020 inventory conditions. Notably, 18 of those markets are now seeing housing supplies exceed demand by at least 15%.
• Home price gains are moderating—but not everywhere – While home price appreciation has lost momentum in most areas, ICE reports that more than one-third of markets are still seeing price growth above their long-term 30-year average.
• Mortgage activity surges amid brief rate drop – A temporary decline in mortgage rates sparked a significant increase in loan applications last week. Purchase loan submissions rose 9% week over week and are now up 24% compared to this time last year.

Economic Insights

• Tariff uncertainty rattles markets – February’s JOLTS report showed a larger-than-expected drop in job openings. Federal layoffs reached their highest level in four years.
• Tariff News Sends Rates Lower – Markets dropped sharply following Wednesday’s new tariff announcement. Stock declines pushed mortgage rates to their lowest point in a month.
• Service Sector Slows Down – In March, service-related businesses expanded at their weakest rate in nine months. Government spending cuts and tariff concerns contributed to the slowdown.

Keeping you up-to-date with the constantly changing housing market via weekly updates

At Thompson Kane, we believe smart financial moves start with staying current. That’s why we share timely updates on housing trends, mortgage activity, and economic shifts—so you can make decisions with clarity and confidence. Whether you’re preparing to buy a home, running a real estate business, or simply keeping an eye on the market, we’ve got you covered. Keep up with our weekly insights right here on the Newsfeed, and join the conversation with us on Facebook. We’re here to be a reliable resource on your path forward.

“In the midst of chaos, there is also opportunity.”
–Sun Tzu

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