The April 2025 housing market reflected a highly mixed landscape shaped by stubbornly high mortgage rates, increased builder caution, and evolving buyer behavior. Existing-home sales declined to the slowest April pace since 2009, while new home sales surprisingly jumped more than 10% from March, defying industry expectations. Although inventory levels are beginning to rise, affordability concerns and policy uncertainty continue to suppress overall transaction volume. According to data from the National Association of REALTORS®, the median price of existing homes reached a record $414,000, while new homes dipped slightly to $407,200.

In the United States housing sector, home buyers face strong barriers heading into 2022. While December 2021 saw major FHFA changes, housing starts and home sales remain competitive.

2021 represented a banner year for real estate, leaving many to inquire about 2022 mortgage rates. Last year, mortgage rates hovered around record low numbers. Real estate experts largely attributed this to the prevalence of the coronavirus pandemic, and its numerous variants.