National Real Estate Newsprime timeThe weather is warmer, the trees are green again, and flowers are blooming. If you're feeling inspired to 'turn over a new leaf' yourself, now is the time to be looking at properties! There are many new listings available as the spring selling season gets underway. I'd love to meet up to talk about your housing goals!
Rates calm downUnprecedented economic uncertainty, including a tariff war and potential GDP contraction, led to 10-year US Treasury yields spiking over the last two weeks. As a result, average 30-year mortgage rates rose from 6.60% to 7.07%. Thankfully, things have calmed a bit since then, with the new "reciprocal" tariffs delayed by 3 months (for every country except China). [Source: Mortgage News Daily]
Tariffs and new homesThe National Association of Homebuilders' overall confidence index rose 1 point to 40 in March (anything less than 50 is bearish), but the future outlook dropped from 47 --> 43, which is the lowest since November 2023. Builders said that 60% of suppliers had already raised prices in anticipation of higher tariffs, with an average increase of 6.3%, adding around $10K to the cost of a new home. [Source: NAHB] | 
