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Union sues Trump for shutting down student loan repayment plans

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The headquarters of the Department of Education on March 12, 2025 in Washington, DC.

Win McNamee | Getty Images

The American Federation of Teachers is suing the U.S. Department of Education for shutting down access to affordable repayment plans for millions of student loan borrowers.

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Personal Finance

Here’s when to list your home for sale in 2025

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The Good Brigade | Digitalvision | Getty Images

The ideal time to sell your home may be fast approaching.

On average, home sellers who list their properties in the week of April 13 to April 19 this year could sell for roughly $27,000 more than other times of the year, according to a recent report by Realtor.com. The site assessed seasonal trends and housing metrics — but did not factor in mortgage rates because they do not follow seasonal patterns.

“This is the right time of year to list and to get ahead,” said Joel Berner, senior economist at Realtor.com.

Of course, the ideal time to sell can differ every year.

A separate report by Zillow found that homes listed in the last two weeks of May 2024 sold for 1.6% more than other times of the year, a $5,600 boost on a typical U.S. home. But, the report notes, “it’s not certain that this year’s spring home shopping season will follow last year’s pattern.”

Sellers generally get better returns if they list between March 15 and July 31, but many factors can affect the timing of the premium, according to Zillow.

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What’s more, the peak time to sell a house might depend on market conditions in your area. According to Zillow data, a San Diego home listed as early as the second half of March could sell for roughly 2% more than other times of the year, or $20,100. Meanwhile, the site found it’s better to list homes in Phoenix in the second half of November when there’s a price premium of 1.4%, or $6,400. 

If you plan to sell your home in 2025, here’s what you should consider, according to experts.

What to know about this year’s spring housing market

The spring is typically when the housing market sees the most activity from buyers and sellers, experts say, as homebuyers are often looking to close a purchase before summer kicks off and well in advance of the new school year.

Sellers often want to capture the “sweet spot” of listing their home when more buyers are looking and when their property looks the most attractive, according to Amanda Pendleton, a home trends expert at Zillow.

In spring, “the flowers are starting to bloom, the grass is green,” she said. “Your home looks great.”

The same principles apply to whether you’re listing an apartment, condominium or co-op, Pendleton said. You’re still trying to showcase your property when it looks and feels the best. During the spring, the city is vibrant, which can be a “big selling point.”

“Nobody wants to look out at a bleak city full of snow,” Pendleton said. “You’re trying to still capture the nicest view possible.”

The ‘typical’ spring housing market

There hasn’t been a “typical” spring housing market in years, experts say. The pandemic put the country on lockdown in March 2020, freezing that year’s spring housing market.

Then, the market was hot with buying and selling activity for much of 2021 as low mortgage rates attracted buyers. In 2022, the spring housing market was impacted as the Fed began to hike borrowing costs in March.

Even though most buyers held back due to high prices and mortgage rates, there was a slight return-to-normal in 2023’s spring market. But then last year, the spring housing market essentially took place in the fall. At that point, the Fed had slashed interest rates for the first time in years.

The disappearance of the starter home

Is it possible to perfectly time your listing?

The mortgage rate lock-in effect deterred homeowners who secured low interest rates from listing their properties, because they were reluctant to finance a new property at the market’s higher rates.

But even though rates remain above 6%, more sellers are listing their homes as life events like growing households or a need to relocate come into the picture, Berner said: “Families grow, jobs change and people have to move.”

For home sellers running against the clock, whether that’s a new baby or a new job, there might be less room to perfectly time a listing, experts say.

But those with more time will be in a stronger position to come up with a plan, especially as buyers gain more power and sellers may need to be more strategic with their timing. Even if you don’t have much flexibility with when you list, “getting the price right” will help you sell your home faster, Berner recently told CNBC.

Work with experts like real estate agents or brokers in your area to come up with a strategy. Local real estate agents will have a better knowledge of the intricacies related to your area, Berner said.

Continue Reading

Personal Finance

Here’s when to list your home for sale in 2025

Published

on

The Good Brigade | Digitalvision | Getty Images

The ideal time to sell your home may be fast approaching.

On average, home sellers who list their properties in the week of April 13 to April 19 this year could sell for roughly $27,000 more than other times of the year, according to a recent report by Realtor.com. The site assessed seasonal trends and housing metrics — but did not factor in mortgage rates because they do not follow seasonal patterns.

“This is the right time of year to list and to get ahead,” said Joel Berner, senior economist at Realtor.com.

Of course, the ideal time to sell can differ every year.

A separate report by Zillow found that homes listed in the last two weeks of May 2024 sold for 1.6% more than other times of the year, a $5,600 boost on a typical U.S. home. But, the report notes, “it’s not certain that this year’s spring home shopping season will follow last year’s pattern.”

Sellers generally get better returns if they list between March 15 and July 31, but many factors can affect the timing of the premium, according to Zillow.

More from Personal Finance:
Don’t hide cash at home — what you’re risking and what to do instead
How to manage your student loan payments after a layoff
Americans lost $5.7 billion to investment fraud in 2024

What’s more, the peak time to sell a house might depend on market conditions in your area. According to Zillow data, a San Diego home listed as early as the second half of March could sell for roughly 2% more than other times of the year, or $20,100. Meanwhile, the site found it’s better to list homes in Phoenix in the second half of November when there’s a price premium of 1.4%, or $6,400. 

If you plan to sell your home in 2025, here’s what you should consider, according to experts.

What to know about this year’s spring housing market

The spring is typically when the housing market sees the most activity from buyers and sellers, experts say, as homebuyers are often looking to close a purchase before summer kicks off and well in advance of the new school year.

Sellers often want to capture the “sweet spot” of listing their home when more buyers are looking and when their property looks the most attractive, according to Amanda Pendleton, a home trends expert at Zillow.

In spring, “the flowers are starting to bloom, the grass is green,” she said. “Your home looks great.”

The same principles apply to whether you’re listing an apartment, condominium or co-op, Pendleton said. You’re still trying to showcase your property when it looks and feels the best. During the spring, the city is vibrant, which can be a “big selling point.”

“Nobody wants to look out at a bleak city full of snow,” Pendleton said. “You’re trying to still capture the nicest view possible.”

The ‘typical’ spring housing market

There hasn’t been a “typical” spring housing market in years, experts say. The pandemic put the country on lockdown in March 2020, freezing that year’s spring housing market.

Then, the market was hot with buying and selling activity for much of 2021 as low mortgage rates attracted buyers. In 2022, the spring housing market was impacted as the Fed began to hike borrowing costs in March.

Even though most buyers held back due to high prices and mortgage rates, there was a slight return-to-normal in 2023’s spring market. But then last year, the spring housing market essentially took place in the fall. At that point, the Fed had slashed interest rates for the first time in years.

The disappearance of the starter home

Is it possible to perfectly time your listing?

The mortgage rate lock-in effect deterred homeowners who secured low interest rates from listing their properties, because they were reluctant to finance a new property at the market’s higher rates.

But even though rates remain above 6%, more sellers are listing their homes as life events like growing households or a need to relocate come into the picture, Berner said: “Families grow, jobs change and people have to move.”

For home sellers running against the clock, whether that’s a new baby or a new job, there might be less room to perfectly time a listing, experts say.

But those with more time will be in a stronger position to come up with a plan, especially as buyers gain more power and sellers may need to be more strategic with their timing. Even if you don’t have much flexibility with when you list, “getting the price right” will help you sell your home faster, Berner recently told CNBC.

Work with experts like real estate agents or brokers in your area to come up with a strategy. Local real estate agents will have a better knowledge of the intricacies related to your area, Berner said.

Continue Reading

Personal Finance

Why uncertainty makes the stock market go haywire

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Traders on the floor of the New York Stock Exchange on March 14, 2025, at the opening bell. 

Timothy A. Clary | Afp | Getty Images

Uncertainty isn’t in short supply these days — and investors have taken notice.

See-sawing policy from the White House has given investors whiplash on many fronts — with tariffs being among the biggest question marks, market experts say.

Coupled with uncertainty around federal job cuts, negotiations to end the war in Ukraine and other issues, the combination has been “disorienting to market sentiment,” Paul Christopher, head of global investment strategy at the Wells Fargo Investment Institute, wrote Wednesday.

Stocks have wobbled amid the vertigo.

The S&P 500 entered a correction last week, meaning the U.S. stock index fell 10% from its recent high mark in February. The index has recovered a bit but teetered on the edge of a correction Tuesday afternoon.

The benchmark is down about 5% in 2025.

Fed Survey respondents lower their forecasts for the S&P 500

Uncertainty makes investors jittery — and stock markets volatile — because they don’t know how policy and other events will impact companies’ ability to make money, said Barry Glassman, a certified financial planner and founder of Glassman Wealth Services.

Worried consumers might pull back on spending, crimping profits, for example. Tariffs raise costs for certain companies to import or produce goods — and it’s unclear how other nations might retaliate. While economists generally don’t think federal trade policy and job cuts will push the U.S. into recession, Trump hasn’t ruled out that possibility.

“All of this comes down to corporate profits,” said Glassman, a member of CNBC’s Advisor Council. “People will put more dollars where they have greater confidence in the investments,” he added.

Many ‘unanswered’ questions

There’s always uncertainty in the stock market, but it may feel more acute right now than at other times, experts said.

A recent (and perhaps counterintuitive) example of that uncertainty came on March 6, when President Donald Trump reversed course and delayed 25% tariffs on many imports from Canada and Mexico by a month. That delay came two days after the tariffs had taken effect.

Despite that “reprieve,” the S&P 500 sold off sharply during the day’s trading session, BeiChen Lin, senior investment strategist at Russell Investments, said recently.

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“There are still a lot of questions that remain unanswered,” Lin said.

For example, Lin said, what would happen after the 30-day delay? How might Mexico and Canada respond? Will the U.S. impose tariffs on other countries or products?

National Economic Council director Kevin Hassett warned Monday of “some uncertainty” over Trump’s tariff policy in coming weeks. Treasury Secretary Scott Bessent said last week that the Trump administration is more focused on long-term health of the U.S. economy instead of short-term volatility.

‘It’s all based on emotion’

Brad Klontz, a certified financial planner and behavioral finance expert, said he thinks the stock market turmoil ties into something more primitive than corporate profits: Human psychology.

“Quite frankly, it’s all based on emotion,” said Klontz, managing principal of YMW Advisors in Boulder, Colorado, and a member of CNBC’s Advisor Council.

“We like to feel like we can predict the future. When we feel the future is unpredictable, when we don’t have faith in our leaders, that’s when we start to panic,” Klontz said.

“There’s a ton of fear” right now, he added.

Ed Yardeni reveals why he's lowering his S&P 500 year-end target to 6,400

Amid fear, it’s important for investors to put the recent market moves into perspective, advisors said.

A 10% pullback isn’t shocking after two consecutive years of annual stock returns exceeding 20%, Glassman said.

“This is normal,” Glassman said of the market’s temper tantrums.

However, investors often make bad financial choices by engaging in catastrophic thinking (believing the markets may never recover, for example), Klontz said. They buy high and sell low, he said.

Historically, the market has always bounced back higher.

“If you lost $40,000, you have to ask yourself, did you really lose it?” Klontz said. “If you didn’t sell, I’m not sure you lost it. If you sold, you guaranteed lost that $40,000.”

Focus on what you can control

During times of uncertainty, investors should focus on what they can control, Klontz said.

It’s a good time for investors to look at their asset allocation, and ensure their overall stock-bond holdings haven’t gotten too risky or conservative over time, for example, Klontz said.

The recent volatility has also shown the value of diversification among different asset classes in an investment portfolio, Glassman said.

For example, international stocks in both developed and emerging markets are up this year, even though U.S. stocks are down, Glassman said. Bond returns have also been positive, he said.

Ultimately, investor behavior is the biggest threat to stock returns, not the federal government, Klontz said.

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