US EditionUS Spring Homebuying Season Has Its Weakest Start in Five Years
- The U.S. Spring home-sales season in April 2025 began with the lowest number of signed contracts since the 2020 Covid lockdown, according to Redfin Corp.
- This weak start followed a 3% decline in deals from last April amid high mortgage rates, economic turmoil, and trade-related stock swings affecting buyer confidence.
- Active listings surged to the highest April level since 2019, with few sellers under financial distress and buyers largely remaining on the sidelines.
- Redfin senior economist Sheharyar Bokhari described the season as "sort of a whimper," noting the low activity is expected to continue until clear changes in the economy or rates occur.
- Price growth softened to 1.4% annually compared to nearly 6% in April 2024, while metropolitan areas like Newark saw the largest year-over-year increases, reflecting uneven market conditions.
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Hanford Sentinel+15 Reposted by 15 other sources
US spring homebuying season has its weakest start in five years
US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report
Pending home sales in the United States declined by 3.4 percent year over year during the four weeks ending May 11, real estate brokerage Redfin said in a May 15 statement. Spring home buying has been sluggish this year due to economic uncertainties. A total of 89,132 pending sales were recorded for the period, which is the “lowest level on record for this time of year aside from 2020,” the company said. Pending home sales refer to sales contrac…
·New York, United States
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Leaning Left2Leaning Right2Center13Last UpdatedBias Distribution76% Center
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76% Center
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C 76%
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