About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Pending Home Sales Increase as Home Values Continue to Accelerate
May 5, 2025
Pending home sales, which measures signed contracts on existing homes, rose by 6.1% in March 2025 which was the largest monthly increase since December 2023—according to the National Association of REALTORS®. Falling mortgage rates and seasonal trends contributed to the surge, along with an 8.1% increase in housing inventory.
The Case-Shiller Home Price Index, which tracks how home prices change, showed prices went up 0.3% in February. Compared to last year, home prices are up 3.9%. That’s a bit slower than the 4.1% reported before because prices were rising faster at this time last year.
Big cities are doing even better. The 10 biggest cities saw prices go up 5.2%, and the 20 biggest rose 4.5%.
The FHFA, which tracks home appreciation on single-family homes with conforming loan amounts, showed prices rose 0.1% in February. Year over year, prices are up 3.9%, down from 5% in the last report. That’s because last year’s numbers were much stronger.
Overall, home prices are still going up each month, but not as fast as they were last year.
Sources :
https://bit.ly/2EbatTN
https://bit.ly/3gPEafo
https://www.fhfa.gov/