Houtan HormozianExpert on Real Estate, Finance and PropTech

CRESTICO - Quick Market Insights - 02-28-2025

1 Mar 2025 · 1 min

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In this brief market update, the narrator reports a sharp drop in U.S. consumer confidence in February, attributing it to inflation and trade‑war worries. Jobless claims have risen to the highest level of the year, indicating weakening labor market conditions. Despite these headwinds, durable goods orders rose in January as firms stocked up ahead of possible U.S. tariffs. The housing sector shows mixed signals: inventory rose to 1.18 million homes (up 3.5% from December and 17% year‑over‑year), the median home price hit a record $396,900 (up 4.8%), while home sales fell 4.9% in January but are still 2% higher than a year ago. The video ends with a concise thank‑you.

Chapters

A quick market insights. Consumer confidence dropped sharply in February due to inflation and trade war concerns. Jobless claims hit their highest level this year, suggesting labor market weakness. January saw an increase in durable goods orders as businesses stocked up ahead of potential U.S. tariffs. At the end of January, 1.18 million homes were for sale, up 3.5% from December and 17% from last year. The median home price reached a record $396,900, up 4.8%. Home sales fell 4.9% in January but were up 2% from a year ago. Thank you for watching.