Housing Market Hit the Brakes? April Data Shows a Price Slowdown

Neil Caron
Jun 28
2 min read

June 28, 2025 | Housing Market | Presented by ReadySetLoan™

📈 Home prices are still going up—but not everywhere, and not for everyone.

According to the latest report from the Federal Housing Finance Agency (FHFA), U.S. home prices rose 6.3% year-over-year in April. While the growth is still positive, the pace has eased from earlier months, suggesting that the market may be transitioning from hot to warm as we roll into the summer.

What does this mean for Connecticut buyers and sellers? Let’s break it down with help from your educational partner in homeownership—ReadySetLoan.com.

The National View: Slower, But Still Rising

The FHFA’s Home Price Index—a key measure of repeat home sales—showed that prices increased by 0.2% from March to April, a more modest bump than earlier this year.

“This cooling trend could be a result of elevated mortgage rates and affordability fatigue,” said FHFA Supervisory Economist William Doerner. “But it’s still a seller’s market in many areas.”

🐷 RSL Piggy Points: What Buyers Need to Know

Prices are up 6.3% nationwide since last year, but the monthly growth rate is slowing.
Mortgage rates remain high, keeping many would-be buyers on the sidelines.
Inventory remains tight, especially in high-demand metro areas.

Connecticut's Local Perspective

For Connecticut homebuyers, the story is familiar: low inventory, steady demand, and high price tags. In hot spots like Fairfield County and West Hartford, bidding wars remain a common feature of the summer market.

But as affordability pressures grow, more buyers are expanding their search radius—or considering renovation and fixer-upper opportunities, where programs like HomeFundIt and VA Renovation Loans (yes, they exist!) can make a difference.

🗣 Neil’s Take

🎙️ “We’re seeing a soft landing in many price trends—but don't confuse that with a crash. In Connecticut, especially, we still have more buyers than homes. The key is strategic education and finding the right financing path, whether that’s renovation loans or down payment assistance.”— Neil Caron, Area Sales Manager, CMG Mortgage

Why This Matters for You

If you’re waiting for prices to fall dramatically, you might be waiting a while. Instead of trying to time the market, now might be the time to get creative and get informed.

That’s exactly what we do at ReadySetLoan: break down complex mortgage options, make homeownership feel possible, and guide you toward programs that match your needs—even in a high-rate, high-price environment.

💡 Thinking About Buying This Year?

Let ReadySetLoan™ be your resource partner. From navigating interest rates to uncovering hidden financing programs, we’ve got the tools and expertise to help you cross the finish line with confidence.

🏁 Let’s make your mortgage feel like a victory lap.