March 2025 saw a pause in U.S. home price growth and a surge in housing inventory during what is traditionally one of the most competitive months for homebuyers. Despite mortgage rates hitting their lowest point of 2025, home sales failed to keep pace with the increase in new listings, leaving many potential buyers struggling to keep up with rising affordability challenges.
According to a recent report from Redfin, 44.4% of U.S. home-sale transactions in the first quarter of this year included concessions from sellers -- an increase from 39.3% during the same period last year and just shy of the record 45.1% seen in early 2023.
New data from Redfin reveals that the typical U.S. home that went under contract in March 2025 spent 47 days on the market -- the longest median time for any March since 2019.
With headlines dominated by new tariffs, it's natural to wonder how much each state depends on international trade. More broadly, how closely is each state's economy tied to the flow of goods across U.S. borders?
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