Weekly News (June 3, 2025)

Mortgage Interest Rates Review

United Mortgage Nation  6/3/2025

                  Federal Fund Rate: 4.25 -4.50%        Prime Rate: 7.25 – 7.50%

Housing Price will decline in 4th Qt...

올 4분기 집값 하락 전환—바이어 마켓으로…     

Korea Daily   5/28/25(Wed)

• Redfin reported on 22nd that national median price raised 3% from the last year in 1st Qt, and forecasted the increase rate will be declined to 2% in 2nd Qt and 1% in 3rd Qt. And the median price will be declined 1% from the year ago in 4th Qt. The mortgage rate would be stayed with the current rate through 2025.
• The house price kept rising since 2012 for more than 10 year except small decline in 2013.
• Entering into 2025, seller market becomes weak in different areas and inventory is increasing. In some areas seller incentives are added to the deals, especially new contraction homes.
• Overall if home price starts declining and wage increase rate sustains around 4%, then home affordability will be improved fairly through this year.

AI Startup Targets Home Services

      AI 첨단 회사, 주택 서비스사업을 공격

WSJ    6/3/25(Tue)

• The next time you book a plumber, artificial intelligence might be taking your call or returning your message. Or it might reach out because it knows your air conditioner needs an upgrade well before the summer. It can be a challenge to integrate AI into services businesses that run on manual labor—and it certainly can’t replace the work of skilled human technicians.
• Netic, a startup based in San Francisco, is selling an AI based platform that helps home-services firms automatically reach out to clients in need of maintenance or upgrades, and takes calls and messages on their behalf.
• Founded in 2024, Netic is part of a growing crop of startups looking beyond the saturated white-collar market and toward home-services operators like electricians, plumbers, roofers and HVAC— heating, ventilation and air conditioning—specialists.

How to Sell a Condo in a Buyer’s Market?

바이어 마켓에서 어떤 콘도 판매 전략을?       

WSJ   5/28/25(Wed)

• Real-estate agent Jaclyn Bild was trying to sell a Miami condo recently when she got a request: Could a prospective buyer have a video call with the condo association president?
• The interested buyer wanted to ask the board president about the building’s budget and whether there might be future costly repairs. Sellers of condos, and their real estate agents, are having to put in more work in a market that has softened relative to single-family homes. She pushed to arrange the call.
• Nationwide, the median price for a condo or co-op was about flat in April compared with a year earlier, lagging behind the 1.3% rise for single- family homes. Across the U.S., special assessments are helping to pay for unexpected or big expenses such as a new roof for the complex. “It’s firmly a buyer’s market for condos,” said Lawrence Yun, chief economist at the National Association of Realtors.

First-Time Home Buyers Are Downsizing Amid Tight Supply

첫 주택구입자들, 부족한 재고상태에 사이즈를 줄이기로…     

WSJ    5/28/25(Wed)

• Buyers who are trying to purchase their first home but find themselves boxed out of their dream because of persistently high prices and mortgage rates, as well as low supply, are making certain concessions, just as builders are doing what it takes to close deals.
• One answer for both parties: smaller homes, which alleviate some of the costs that are now facing pressure due to tariffs and help keep the market from stalling further. Newly built homes have been getting smaller since the pandemic— a trend home builders have been leaning into to entice buyers and alleviate costs.
• In March, the median square footage for newly constructed homes on the market nationally was 2,034, down 4.7% from 2,135 in March 2020, according to Realtor.com. To keep sales flowing, builders have adjusted to these buyers’ needs.

Entry-Level Homes Are Still No Bargain

처음 레벨로 사는 주택들, 여전히 사기에 만만치 않아..

WSJ   5/28/25(Wed)

• Builders have started making more entry-level starter homes, but not tons of them. The small homes they do build are still subject to rising costs for land and labor. Buyers who choose them have to contend with today’s high mortgage rates, which drive up their monthly costs.
• The middle of the previous century was the peak of the starter-home era, when small homes made up about 92% of new construction. Over the following decades, Americans came to prefer larger homes.
• Since 2017, the median size of new single-family homes has been generally shrinking. But it is harder for builders to make money on smaller homes.
• The income needed to qualify for one jumped to $101,376 in 2024 from $49,008 in 2020, according to a National Association of Realtors analysis. Wages have increased over that time, but they generally haven’t kept pace with the steep rise in home prices and mortgage rates.

Median size and age for new home

WSJ 5/28/25

Trump Tells Powell It’s a Mistake Not to Lower Rates

이자률 안내리면 실수하는것…

WSJ   5/30/25(Fri)

• President Trump met with Federal Reserve Chair Jerome Powell on Thursday for the first time since returning to the White House, telling the central banker he is making a mistake by not lowering interest rates.
• Powell stuck to his usual playbook of declining to discuss the monetary-policy outlook and stressing that central bankers will make interest rate decisions based solely on “careful, objective and non-political analysis,” according to a Fed statement.
• “The president did say that he believes the Fed chair is making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries,” White House spokeswoman Karoline Leavitt said in a press conference. “The president has been very vocal about that both publicly— and now I can reveal— privately, as well.”

Why Nvidia Can’t Just Quit China

왜 Nvidia는 중국생산을 초기할수 없나?

WSJ    6/3/25(Tue)

• Given all the trouble Nvidia has selling its artificial-intelligence chips in China, one might wonder why the company even bothers trying anymore The answer is: It can’t really afford not to.
• “China’s AI moves on with or without U.S. chips,” Nvidia Chief Executive Jensen Huang said on the company’s conference call. Making the point that half the world’s AI developers are in China, Huang argued that preventing U.S. companies from competing there could ultimately cost America its leading position in the global AI industry.
• Nvidia is considered years ahead of any of its rivals now. And its growing ecosystem of chips, full systems and software tools for AI developers would still be a major draw for Chinese companies looking to stay competitive in AI globally. Nvidia needs to get back into China. But the road there runs straight through the White House.

Nvidia’s revenue and market share

WSJ  6/3/25