Here is your real estate market update and the top real estate news for June 9th, 2025:
Top Real Estate News (June 9, 2025):
- Housing Market Shows Signs of Rebalancing as Price Growth Slows: Recent data from multiple housing market trackers indicates that the rapid price appreciation seen over the past several years is continuing to moderate. An increase in the number of homes for sale is giving potential buyers more options and greater negotiating power. While affordability remains a significant challenge in many areas, the slowdown in price growth is a welcome sign for those looking to enter the market.
- Rental Market Softens as New Apartment Supply Comes Online: The national rental market is experiencing a shift as a wave of newly constructed apartment buildings is increasing the available supply. This has led to a flattening of rent price growth and, in some cities, even slight decreases. This trend provides some relief for renters who have faced steep increases in recent years.
- Focus on Affordability and Inventory Ahead of Summer Selling Season: As the peak summer homebuying season begins, real estate experts are closely watching inventory levels and mortgage rate fluctuations. The primary focus for the industry remains on improving housing affordability, with various proposals and initiatives being discussed at both the national and local levels to address the ongoing challenges for first-time homebuyers.
Mortgage Rates (June 9, 2025):
- 30-Year Fixed: 6.89%
- 15-Year Fixed: 6.15%
- Jumbo 30-Year Fixed: 7.05%
10-Year Treasury Yield (June 9, 2025):
- 4.45%
See you tomorrow for more real estate news!
Chris
