Housing Market Update and Economic News: March 14, 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 and economic updates.

Housing Market Update

• Innovative 3D-Printed Homes See High Demand – A collaboration between Lennar and Icon, a leader in 3D construction technology, is bringing 100 cutting-edge homes to Georgetown, Texas. So far, about 75% of these 3D-printed homes have already been purchased.
• Mortgage Applications Surge Despite Steady Rates – Even with mortgage rates stabilizing, total mortgage applications jumped 11% last week. Applications for home purchases increased by 7% week-over-week and are now 4% higher than at this time last year.
• Pending Home Sales Show Modest Growth – While pending home sales saw a slight uptick over the past week, they remain slightly below last year’s levels. However, inventory has increased by 28% nationwide compared to a year ago, offering more options for buyers.

Economic Trends

• Wholesale Prices Hold Steady After January Increase – After a jump in January, wholesale prices remained flat in February. Some analysts warn that potential tariff adjustments could drive future price hikes.
• Inflation Cools, But Fed Policy Unlikely to Shift – February’s Consumer Price Index (CPI) report showed inflation slowing, though not enough to prompt a rate cut at the upcoming Federal Reserve meeting.
• Job Openings Signal Employer Confidence – Employers posted 7.74 million job openings in January, indicating continued confidence in the labor market despite broader economic uncertainties.

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

At Thompson Kane, we understand the importance of staying ahead in a rapidly changing market. Our goal is to equip you with the latest insights to help you make informed decisions.  With the right insights, you can navigate your business and financial decisions with confidence. For more frequent updates, follow the Thompson Kane Newsfeed and connect with us on Facebook for weekly news and valuable content. Your success is our priority, and we’re here to keep you informed every step of the way.

“Real estate is the best investment in the world because it is the only thing they’re not making any more of.”
– Will Rogers

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