Houtan HormozianExpert on Real Estate, Finance and PropTech

CRESTICO - Quick Market Insights - 04-04-2025

5 Apr 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 clip titled "CRESTICO - Quick Market Insights - 04-04-2025" (created 2025-04-05T17:02:55Z). It is a short market-news update delivered by a single narrator summarizing recent economic and real-estate developments: job openings fell in February, federal layoffs reached a four-year high (JOLTS), markets dropped after tariff news pushing mortgage rates to a monthly low, service-sector growth slowed in March, private residential construction rose (stronger single-family building), buyers negotiating lower agent commissions, and purchase applications rose to their highest level since January (up 2% weekly, 9% year-over-year).

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A quick market insights. Job openings fell sharply in February, and federal layoffs hit a 4-year high, per the JOLTS report. Markets dropped after Wednesday's tariff news, sending mortgage rates to a monthly low. In March, service sector growth slowed amid cuts and tariff concerns. Private residential construction rose more than expected in February, driven by lower mortgage rates and stronger single-family homebuilding. More buyers are negotiating lower agent commissions, Per Inman's latest survey, growing inventory pushed purchase applications to their highest level since January, up 2% for the week and 9% year over year. Thank you for watching!