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Rising Housing Demand Amid Mixed Sales Trends Nationwide

4/26/2025

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Summary

Housing Demand Rises

In March 2025, 11 of the 20 largest U.S. states reported increased purchase applications, signaling rising housing demand.
Existing home sales slowed, with a 19.8% year-over-year increase in total homes for sale, offering buyers more choices.
The Northeast saw a 2% decline in existing home sales, while the West experienced a 9.4% drop.
The average 30-year fixed mortgage rate was 6.83% in mid-April, showing volatility but a decrease from last year.
Experts anticipate uneven growth in home sales across regions due to differing inventory levels and affordability issues.

Summary

Mortgage Rates Surge

The average 30-year fixed mortgage rate reached 6.73% in April, up 8 basis points from March.
The 15-year fixed mortgage rate rose to 5.90%, an increase of 7 basis points.
Rising mortgage rates stemmed from a sell-off in U.S. Treasury securities due to trade war fears.
President Trump called for interest rate cuts, while Chair Powell cautioned about inflation risks from tariffs.

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Housing Demand Rises

In March 2025, 11 of the 20 largest U.S. states reported increased purchase applications, signaling rising housing demand.
Existing home sales slowed, with a 19.8% year-over-year increase in total homes for sale, offering buyers more choices.
The Northeast saw a 2% decline in existing home sales, while the West experienced a 9.4% drop.
The average 30-year fixed mortgage rate was 6.83% in mid-April, showing volatility but a decrease from last year.
Experts anticipate uneven growth in home sales across regions due to differing inventory levels and affordability issues.

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