Real Estate News 05/29/2025

Today’s News Synopsis:

In The News:

NAR  – “2025 Home Buyers and Sellers Generational Trends Report” (05-28-25)

“The latest edition of NAR’s Profile of Home Buyers and Sellers report revealed that multigenerational buying was at an all-time high, with 17% of homes purchased last year being a multigenerational household.“

Yahoo News – “California home prices just set a new record“ (05-22-2025)

“Home prices in California, already among the highest in the nation, have reached a new record, according to the latest sales data from the California Association of Realtors.”

Los Angeles Daily News – “Los Angeles County homebuying slumps 25%. Is the Fed to blame?“ (05-27-25)

“California sales tumbled 29% after the Fed acted, and the drop was 22% nationwide.”

MortgagePoint – “Fannie Mae Leverages AI to Strengthen Mortgage Fraud Prevention“ (05-28-25)

“Fannie Mae has announced a partnership with artificial intelligence (AI) platform Palantir to launch a Crime Detection Unit in an effort to enhance the GSE’s fraud detection capabilities. The partnership is projected to save the U.S. housing market millions in future fraud losses. ”

Redfin News  – “Investor Purchases of Condos Fall to Lowest Level in 10 Years, Aside From Start of Pandemic”(05-28-25)

“U.S. real estate investors purchased 46,726 homes in the first quarter, up 2% year over year. Investor purchases have been relatively stable for the last year, increasing or decreasing by 4% or less each quarter.”