The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of February 25, 2025:
Home sales dropped 4.9% month-over-month in January as prices remain elevated. The average home for sale spent 41 days on the market - the highest tally since January 2020, according to CNBC.
Yahoo Finance writes mortgage rates are below 7% for the 5th consecutive week.
NBC News observes homebuilders raising the alarm over tariffs, as builder sentiment has fallen to a 5-month low.
Fannie Mae predicts mortgage rate volatility throughout the year and expects an average 30-year rate of 6.6% to end 2025.
Redfin says Sun Belt metros now reflect a buyer's market, while sellers continue to have the upper hand in the Northeast and Midwest.
We still have some great partnership markets available, so don't hesitate to reach out if you're a motivated agent looking to meet more buyers and sellers.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.