Spotlight

Market Update | March 25

Jon Granston | March 25, 2025

Filtering through this weeks headlines...

Top Headlines: Delivered by Granston Group | Leonard Steinberg

March 25, 2025

01 U.S. Existing-Home Sales rose 4.2% in February from the prior month to a seasonally adjusted annual rate of 4.26 million, far better than expectations. Economists surveyed by The Wall Street Journal had estimated a monthly decrease of 3.2%

(NAR/WSJ)

02 Happiness is not something ready-made. It comes from your own actions.

– Dalai Lama

03 Natural Gas, which not only heats homes and delivers energy to appliances, is also a big generator of electricity in the US (about 32%)..... its price is over double that of a year ago. Inflation remains sticky.

(CNBC)

04 As of March 25, 2025, Encinitas surf conditions are 1-2 ft with a 14-sec swell at Swami’s. Winds are W at 8 mph, water is 60°F, and tides range from 4.5 ft high at 5:48 AM to -0.4 ft low at 1:18 PM. Good for a mellow session.

(Surf Captain)

05 297,885 single-family homes and condos in the United States were flipped in 2024. That was down 7.7% from 322,782 in 2023 and 32.4% from a recent peak of nearly 441,000 reached in 2022.

(ATTOM)

06 New-home construction surged in the Northeast by 47.4%, followed by the South at 18% and by the West. But starts in the Midwest fell by nearly 25%.

(MARKETWATCH)

07 Freyja, an exciting new dining concept set to open in Carlsbad by the end of 2024, will bring a unique blend of European-inspired small plates with a Nordic twist. The restaurant will feature a 3,500-square-foot space with both indoor and outdoor seating, designed to create an intimate yet modern dining experience. With a focus on high-quality ingredients and inventive flavors, Freyja aims to offer a fresh perspective on coastal cuisine, making it a must-visit for food lovers in North County.