Housing Market Update and Economic News: April 4, 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

• Single-Family Construction Rebounds – Spending on private residential construction rose more than analysts expected in February, fueled by falling mortgage rates that gave a lift to single-family homebuilding activity.
• Commission Cuts Gain Traction – More real estate agents say buyers and sellers are successfully negotiating lower commissions, based on early responses from Inman’s latest industry poll.
• Purchase Activity Picks Up – Mortgage applications for home purchases rose 2% last week—the highest level since January—and are now 9% above last year’s pace, helped by improving inventory.

Economic Insights

• Job Openings Dip, Government Layoffs Spike – 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.

“Real estate is the closest thing to the proverbial pot of gold.”
–Ada Louise Huxtable, architecture critic and Pulitzer Prize winner

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