Here is your real estate news for Thursday, June 12, 2025:
Top Real Estate News (June 12th, 2025):
Housing Market Cools as Buyer Power Increases: A notable shift in the housing market is empowering buyers, with the proportion of homes selling above their asking price dropping to its lowest springtime level since 2020. According to a new report, this trend, coupled with a significant increase in the number of homes for sale, is leading to more price negotiations and a general cooling of the market. The median number of days on the market has also increased, giving prospective buyers more time to consider their options.
Small Investors Gain Larger Foothold: In a significant trend, small real estate investors, defined as those who have purchased ten or fewer properties, now account for a record 59% of all investor home purchases. This marks the highest share in recorded history for this group. The rise of the small investor comes as institutional buying has seen a comparative decrease, suggesting a changing dynamic in the real estate investment landscape.
Architectural Styles Impact Home Values: A recent analysis has highlighted the significant role a home’s architectural style plays in its market value. While classic Colonial and American Traditional homes dominate the market in terms of sheer numbers, Mediterranean-style homes command the highest median list prices. In contrast, Ranch-style homes remain a more affordable option. This data suggests that aesthetic and design trends continue to be a key factor in a property’s valuation.
Mortgage Rates (June 12th, 2025):
Mortgage rates have seen a slight increase across the board compared to the previous week, continuing to test the resilience of the housing market.
- 30-Year Fixed: 6.91% (up from ~6.90% a week ago)
- 15-Year Fixed: 6.10% (up from ~6.09% a week ago)
- Jumbo 30-Year Fixed: 6.90% (up from ~6.86% a week ago)
- 10-Year Treasury Yield: 4.38% (down from 4.47% on June 10th)
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
See you tomorrow for more real estate news!
Chris
