Houtan HormozianExpert on Real Estate, Finance and PropTech

Crestico - Quick Market Insights - 01-24-2025

25 Jan 2025 · 1 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "Crestico - Quick Market Insights - 01-24-2025" (uploaded 2025-01-25T07:02:40Z) featuring a single presenter (labeled Speaker A) delivering a short market-insights segment. The speaker summarizes U.S. economic and housing indicators: new unemployment claims near pre-pandemic levels, continuing claims at a three-year high (1.9M), rising credit-card delinquencies, a 2025 GDP growth projection of 2.3%, home insurance costs up 8.7% (2018–2022), mortgage applications up 7% year-over-year despite high rates, and a new executive order directing federal agencies to address housing costs and supply.

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A quick market insights. New unemployment claims are close to pre-pandemic levels, but continuing claims hit a 3-year high of 1.9 million. Credit card delinquencies also rose. The U.S. economy is projected to grow 2.3% in 2025. Home insurance costs outpaced inflation, rising 8.7% from 2018 to 2022. Mortgage applications are up 7% year over year, despite high rates. A new executive order requires federal agencies to address housing costs and supply. Thank you for watching.