Washington D.C. Real Estate News
Washington D.C.
U.S. Mortgage Rates Continue Downward Trend
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average rate for a 30-year fixed mortgage in the United States declined to 6.76% this week, marking a continued easing in borrowing costs.
Pending Home Sales in U.S. Increase in March
According to the National Association of Realtors (NAR), U.S. pending home sales jumped 6.1% in March 2025 -- the largest month-over-month increase since December 2023, when they rose 7.0%. Regionally, the Northeast saw a slight decline in transactions, while the Midwest, South, and West posted gains, with the South experiencing the most significant growth.
NAR Reports Existing Home Sales Tumble in March, Hit 16-Year Low
According to the National Association of Realtors (NAR), U.S. existing-home sales fell in March 2025, with declines observed across all four major regions. Compared to March 2024, sales were down in the Midwest and South, up in the West, and unchanged in the Northeast.
U.S. New Home Sales Uptick in March
The National Association of Home Builders reports that a slight dip in mortgage rates and limited existing home inventory helped drive an increase in new home sales across the U.S. in March 2025, despite ongoing market uncertainty facing both builders and buyers.
Washington D.C. Property News
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