Housing Market Update and Economic News: March 28, 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

• No Change to Loan Limits, but Special Credit Programs End – The Federal Housing Finance Agency (FHFA) confirmed it will keep conforming loan limits steady, even as it moves to discontinue certain special purpose credit initiatives aimed at targeted borrower groups.
• Pending Sales Climb After Winter Slowdown – After hitting a historic low in January, pending home sales showed signs of recovery last month. Milder weather and an improved range of homes on the market have helped restore some buyer enthusiasm.
• Mortgage Applications Tick Up – Buyer interest in home loans gained traction, with purchase applications rising 1% for the week and 7% compared to the same time last year—marking the strongest demand in nearly two mon ths.

Economic Insights

• Jobless Claims Hold Steady – Unemployment benefit filings remained flat last week, suggesting employers are holding onto staff and the labor market remains relatively stable.
• Consumer Optimism Hits Long-Term Low – Worries over tariffs, inflation, and economic uncertainty dragged consumer expectations for the future down to the lowest point in over a decade.
• GDP Growth Adjusted Upward – Revised figures show the U.S. economy grew at a 2.4% annual pace in the fourth quarter. While momentum is expected to continue, international trade tensions may temper that growth moving forward.

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

At Thompson Kane, we know how important it is to stay informed in a fast-moving market. That’s why we’re committed to providing you with the latest housing market updates and industry insights to support confident decision-making. Whether you’re navigating a home purchase, managing your business, or planning ahead financially, timely information makes all the difference. For regular housing market updates and expert news, follow the Thompson Kane Newsfeed and connect with us on Facebook. Your success is our priority — we’re here to keep you informed every step of the way.

“In the middle of difficulty lies opportunity.”
–Albert Einstein

Follow Thompson Kane on Facebook for our latest mortgage & housing insights!