-
GCA Forums Headline News for Wednesday March 19 2025
National Headline News Overview for March 19, 2025
Real Estate and Housing Market
The real estate market still struggles with a severe shortage of inventory. The number of homes available has dropped by approximately 30 percent relative to the period before the pandemic. Coupled with a 10 percent year-over-year growth in median home prices, this poses increased challenges in affordability for first-time buyers.
Mortgage Rates And Interest Rates
Current housing development trends indicate greater demand for affordable housing units. There is significant interest in homes priced under $500,000. The average rate for a 30-year fixed mortgage on March 19, 2025, was approximately 6.68%. There is concern this may push developers to cater to that market.
Economic Overview
The CPI index reflects a decline in inflation, reporting a value of 2.8 percent for February as opposed to 3.0 percent in January. This reduction is likely to impact the Fed’s decision relating to interest on payment marks.
GDP growth for 2025 is estimated by the congressional budget office to be 2.5 percent, showing an expected decline from an overly optimistic previous year terminal, but still demonstrating some strength in the economy.
Unemployment Trends
At around 4%, unemployment is fairly steady alongside job growth which appears to have eased. This balance is likely to relieve some of the inflationary pressure.
Federal Reserve Actions
The Federal Reserve is observing inflation and other economic factors very carefully and is taking a more reserved approach to the increases in interest rates in the near future.
Stock Market Performance
The average for the Dow Jones Industrial stocks has been volatile, with a cap close to 32,000. Investors are reacting to mixed economic signals and waiting for the announcement on Federal Reserve policies.
Precious Metals and Other Markets
The price of gold is currently hovering around $2,924 per ounce. This shows growing demand for gold as a safe asset due to fears about the economy. The bond market is also unstable due to changing yields as a result of shifting inflation and interest rate speculation.
Headlines and Current Events
Political and Legal News
Pardons from Biden and Legal Issues
Biden’s decision to pardon 1,500 people, including his son Hunter, his brothers and sisters, Anthony Fauci, Adam Schiff, and other close confidants, is likely to be deemed legally invalid because he signed these pardons using an autopen instead of personally signing them. This has led to a great deal of controversy surrounding the legality, as the autopen uses no personal agency for the decisions made.
The Fraud Cases of Pam Bondi
“U.S. Attorney Pam Bondi is actively filing fraud lawsuits against multiple politicians and individuals.” These cases center on fraud and corruption which work to further diminish the already frail public confidence, trust, belief, or reliance in government.
“The political and legal environment of the country is continually influenced by distinct change in the real estate and mortgage industry as of March 19, 2025”. Most industry participants will actively focus on changes as they happen.