World News
Carnival Plans New Miami Headquarters Spanning Over 600,000 Square Feet
Carnival Corporation, the world's largest cruise company, announced plans this week to construct a major new corporate campus in the Waterford Business District, just south of Miami International Airport.
California Home Sales Dip in March Amid Rising Economic Concerns
California home sales took a step back in March 2025 as growing economic uncertainty and consumer anxiety weighed on the state's housing market, according to the latest report from the California Association of Realtors (C.A.R.).
U.S. Mortgage Rates Continue Downward Trend
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average rate for a 30-year fixed mortgage in the United States declined to 6.76% this week, marking a continued easing in borrowing costs.
Pending Home Sales in U.S. Increase in March
According to the National Association of Realtors (NAR), U.S. pending home sales jumped 6.1% in March 2025 -- the largest month-over-month increase since December 2023, when they rose 7.0%. Regionally, the Northeast saw a slight decline in transactions, while the Midwest, South, and West posted gains, with the South experiencing the most significant growth.
U.S. Home Values Flatline in March as Sellers Outnumber Buyers
March 2025 saw a pause in U.S. home price growth and a surge in housing inventory during what is traditionally one of the most competitive months for homebuyers. Despite mortgage rates hitting their lowest point of 2025, home sales failed to keep pace with the increase in new listings, leaving many potential buyers struggling to keep up with rising affordability challenges.
