Sales of existing U.S. homes dropped to a seasonally adjusted annual rate of 4.2 million in April 2025, hitting their lowest level since October 2024, according to new data released by Redfin. The figure marks a 0.2% decline from March 2025, and a 1.1% drop year-over-year--breaking a seven-month streak of annual gains.
According to the latest Primary Mortgage Market Survey from Freddie Mac, the average rate for a 30-year fixed-rate mortgage in the U.S. currently stands at 6.64% as of April 3, 2025.
In a notable shift in the housing market, baby boomers have surpassed millennials as the largest generational group of home buyers, according to the National Association of Realtors (NAR).
In the final quarter of 2024, industrial real estate remained one of the most stable segments within commercial real estate, according to CommercialCafe.