Houtan HormozianExpert on Real Estate, Finance and PropTech

CRESTICO - Quick Market Insights - 02-07-2025

8 Feb 2025 · 1 min

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In this brief market update, the speaker highlights several recent U.S. economic and housing data points. The December JOLTS report showed a decline in job openings while hiring and layoffs remained steady. Treasury Secretary Bessent is working to lower the 10‑year Treasury yield to help bring mortgage rates down. Ongoing tariff delays with Canada and Mexico have kept rates stable, but the NAHB warns that these tariffs could push new‑home prices higher because of reliance on imported materials. Mortgage applications fell 4% week‑over‑week but are flat year‑over‑year. Realtor.com notes an increase in sellers cutting prices. The overall tone is a concise, data‑driven snapshot of current market conditions.

Chapters

A quick market insights. JOLTS report showed a drop in job openings in December, with hiring and layoffs steady. Treasury Secretary Bessent aims to lower the 10-year Treasury yield to help mortgage rates. Tariff delays in Canada and Mexico kept rates stable. Mortgage applications dropped 4% from last week but were flat year over year. Realtor.com reports more sellers cutting prices, while the NAHB warns tariffs could raise new home prices due to reliance on imports from Canada and Mexico. Thank you for watching.