The Real Estate Wire | NEWS

January 2025 saw tech hubs dominating the US housing market, with seven out of ten most-viewed homes in the Bay Area. High-price listings indicate strong demand from affluent buyers despite market uncertainties.

Buffalo's real estate market secures the top spot again, marked by strong buyer demand and unprecedented home value appreciation amid limited housing supply — a beacon for homebuyers and investors alike.

President-elect Trump vows to expedite the federal permitting process for infrastructure and energy projects exceeding $1 billion. This could significantly alter the National Environmental Policy Act and reduce approval times, attracting investments.

In February, U.S. asking rents experienced a 0.4% year-over-year increase, signifying the first rise in six months and indicating a potential stabilization in the rental market amid slowing construction.

Pending home sales cancellations hit a record high in January, with 41,000 agreements called off, now 14.3% of transactions. Economic and political uncertainties, along with high mortgage rates, fuel buyer apprehension.

Home prices rose 3.9% annually in December, led by Boston hitting an all-time high among Northeast markets. Despite high mortgage rates affecting sales, demand persists in major cities.