Spring Housing Shock: Midwest Prices Surge While Buyers Hesitate Nationwide

Written By the WiRE - the Week in Real Estate
 

This week, we dissect the perplexing housing market of early 2025. Discover why the Midwest is seeing record home price increases, led by Milwaukee's staggering 20% jump and double-digit growth in Detroit, fueled by critically low inventory.

We contrast this with price drops in Texas and Florida where a surge in supply is giving buyers the upper hand. Nationally, while mortgage rates have dipped slightly, pending home sales are down, reflecting buyer anxiety amid economic uncertainty.

We'll explore the impact of building permits on affordability, the slowest sales pace in five years, and whether lower mortgage rates can truly ignite the spring buying season.


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