As we close out the first week of June 2025, the U.S. housing market continues to send mixed signals. Mortgage rates moved modestly but ended the week slightly lower, while buyer demand remained tepid. Inventory is rising nationwide, reshaping negotiations and hinting at a potentially cooler summer. Mortgage rate snapshot: Where we stand now Mortgage
What they were waiting to see was whether they were going to have a job or not. President Donald Trump’s cuts to the federal workforce has put Washington, D.C., residents and the housing market there on edge. Through his administration’s U.S. DOGE Service, mass layoffs have occurred across virtually every federal department and agency. While
At the same time, unsold inventory is up 20.8% year over year to 1.45 million homes. It’s a 9% rise compared to March. Months of supply hit 4.4, up 25.7% from one year ago and 10% higher than a month ago. Unsold inventory and months of supply are higher than at any point in the
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The falling rate of annual home-price increases is a trend that occurred throughout 2024, which peaked last February at 6.6%. It’s also significantly lower than the double-digit increases from 2022, when price appreciation hit 20% or more multiple times. “Higher mortgage rates, along with high home prices, have exacerbated affordability challenges and led to slower
Buyers are flocking to Nassau County, seeking single-family houses, condominiums and cooperatives with few on the market, keeping prices well above what they were a year ago in all three categories. Properties also often go for above the asking price amid multiple offers. What goes up must come down, as the old adage says, but
So far, the price drops are minor. Oregon has the biggest decline at 0.9%, followed by Georgia (0.8%), Montana (0.2%), South Carolina (0.3%) and Texas (0.1%). Prices in three other states — Florida (0.2%), South Dakota (0.3%) and Louisiana (0.4%) — have grown, not fallen, but by less than 1%. The cooling in Texas and