Real Estate News 05/23/2025

Today’s News Synopsis:

In The News:

CBS News  – “Some homeowners could get a fat deduction under the new GOP tax bill. Here’s what to know.” (05-22-25)

“Some U.S. homeowners may soon get a sizable tax break thanks to the massive budget package that was passed by the House early Thursday. “

CNN – “Trump ‘giving very serious consideration’ to spinning off mortgage giants Fannie and Freddie“ (05-21-2025)

“President Donald Trump on Wednesday said he soon planned to decide whether to privatize Fannie Mae and Freddie Mac, the government-sponsored entities that help provide stability and affordability to America’s home mortgage market.”

Yahoo News – “Home Prices Dip for the First Time Since March as Housing Market Cools“ (05-23-25)

“The price of the typical American home fell last week compared with a year ago, following nine straight weeks of flat or rising prices—as the number of for-sale properties continued to climb.”

NAR  – “Profile of Home Staging“ (05-22-25)

“60% of buyers’ agents cited that home staging affected most buyers’ view of the home most of the time, while 26% said that home staging affected most buyers, but not always.”

MortgagePoint  – “House Passes Bill Rescinding OCC Bank Merger Rule”(05-21-25)

The U.S. House of Representatives has passed legislation reversing the Office of Comptroller of the Currency’s (OCC) recent rule regarding the process of banks merging by a vote of 220-207. “